Yesterday, one significant and closely watchedindicator of the U.S. stock market jumped up. The Dow Jones Industrial Average, an index of 30 important stocks, ended the day 410 pointshigher than it started out. Over the last twodays of trading, the market has recovered abouta third of the value it had lost since it tooksome nosedive starting late last month.
Analysts don't yet if the drama is over. There maybe more drops ahead. But experts dothink this is a correction, a decline that's only temporary.
CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: Fixing an error orinaccuracy, that's how the dictionary defines a correction. On Wall Street, it meanssomething a little different. A stock market correction is a technical term thatsignifies a 10 percent decline from a recent high. It's less severe than a bearmarket. That's when stocks decline 20 percent.
Now, a correction might sound scary but in fact, it's a normal, healthy part of thecycle. The S&P 500 had four corrections from 2010 through 2017, and five from 1990 to 2000. That's because markets aren't supposed to go straight up, a breather once ina while is important, like a market reset. It can keep stocks from overheating andallow investors to reevaluate their portfolios.
What you definitely shouldn't do is panic. A correction doesn't mean you should sellall of your stocks. On the contrary, it can be an opportunity to buy. Remember, history stocks often go up after a correction.
AZUZ: It's about to get more expensive to visit Disney theme parks in the U.S. Thecompany announced this week that for its busiest days, a single day ticket toDisneyland in California will cause adults $135. That's an increase of 11 bucks. Itwill cause $129 for adults to get to the gates of Disneyworld in Florida. So, factorin parking, and a family of four would need more than 520 bucks for a day atDisneyworld and that doesn't include hotel or food.
During its less crowded times of the year, Disney's prices are lower but those aregoing up too. So, are annual passes. The company says it will continue to evolve itspricing in a way that gives visitors a range of options to meet their budget andhelps better spread attendance throughout the year.