Dow's Third 1,000-Point Swing in Four Days Keeps Traders on Edge

The Dow Jones Industrial Average has now posted its third swing of at least 1,000 points in four days, a run of volatility that has put traders back on edge and raised doubts about whether the turbulence is over.

According to one strategist quoted in the coverage, the recent swings have less to do with the companies inside the index than with the political backdrop. An election result, followed by a negative headline about Nvidia, the chipmaker whose performance has become a bellwether for the broader market, changed the picture. Washington, which had been seen as a source of support for stocks, now looks more like a possible drag on them.

That shift matters because it means the market is reacting to policy expectations, which can change quickly as new details emerge. Until investors have a clearer view of where the political landscape and the outlook for large technology companies are headed, each new headline may keep moving stocks sharply in either direction.