| Dow | 11,613.53 | +53.58 | +0.46% |
By: JeeYeon Park
CNBC.com Writer
Stocks finished higher in volatile trading Wednesday to mark a four-day rally, but despite the recent gains, all three major indexes still logged their worst month since last May.
The major averages also logged their worst August in 10 years.
The Dow Jones Industrial Average rebounded in volatile trading to finish in the black for the year. The Dow has had 16 triple-digit moves during August.
The S&P 500 and the Nasdaq also finished higher. The CBOE Volatility Index, widely considered the best gauge of fear in the market, fell near 31.
August was an extremely volatile month for stocks. The market took multiple sharp nosedives following the S&P’s downgrade of U.S.’s credit rating, ongoing European jitters and renewed fears over a global recession. Meanwhile, investors swooping in to take advantage of beaten-down sectors in addition to a handful of strong economic news helped pare some of the losses throughout the month.
Still, the gains were not enough to put stocks on firm footing for the month—all three major indexes are down by more than 4 percent each.
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