Stocks close well off the lows

The market staged a late-day comeback before the holiday weekend, powered by a strong rally in cyclical stocks. The Dow ended the session about 150 points lower after dropping as much as 628 points earlier in the day. The S&P 500 dipped 0.8%, well off its session low when it fell 3%. The Nasdaq Composite finished the day 1.2% lower as many major tech names pared steep losses. Apple eked out a 0.1% gain. — Yun Li

Cramer says Tesla’s rebound is a ‘very positive sign’

CNBC’s Jim Cramer called Tesla’s late-day reversal a “very positive sign” for the broader market. Shares of the electric car-maker erased a loss of 8.6% and traded more than 4% higher with about half an hour left in the trading session. Cramer believes Tesla plays a bigger role in driving investor sentiment than Apple, which also rebounded from

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