More than a dozen companies swung more than 20% from their lows to their highs in Wednesday's furious rally.
United Airlines planes land and prepare to take off at Newark Liberty International Airport in Newark, New Jersey, , U.S., January 27, 2025.were among the stocks showing the largest intraday reversals in their share prices in Wednesday afternoon's furious rally following President Donald Trump 's In afternoon trading, the Atlanta-based airline and the semiconductor manufacturer soared 26.
9% and 26.8%, respectively, from the session lows seen earlier in the day.United Air, Microchip and others would suffer under a global trade war that dampened consumer confidence and curtailed spending. Delta Air Lines recentlydespite semiconductors being excluded from the tariff increases, hurt by concern that the economy would slow and demand for chips weaken."The market's move upward is violent, and speaks to how badly the market was looking for clarity" on tariff policy, said Chris Brigati, chief investment officer at investment firm SWBC. "It appears President Trump's motivation to get trade counterparts to the negotiating table is bearing fruit and that is a constructive development for the ongoing trade war."
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