Stocks bounce | Still the worst week since March | CDC warning

It was the worst day for the Dow Jones Industrial Average since March.

VIEW IN BROWSER | SUBSCRIBE FRI, JUN 12, 2020 EVENING BRIEF AS OF FRI, JUN 12, 2020 • 04:42 ET DJIA 25605.54 +1.90% +477.37 S&P 500 3041.31 +1.31% +39.21 NASDAQ 9588.81 +1.01% +96.08   Most Active DOW NAME LAST CHG %CHG BA 189.51 +19.51 +11.48% AAPL 338.80 +2.90 +0.86% MSFT 187.74 +1.47 +0.79% S&P 500 NAME LAST CHG %CHG AAL 16.74 +2.36 +16.41% NCLH 20.50 +3.25 +18.84% GE 7.25 +0.30 +4.32% NASDAQ NAME LAST CHG %CHG AAL 16.74 +2.36 +16.41% UAL 39.66 +6.34 +19.03% AMD 53.50 +0.67 +1.27% EDITOR'S NOTE If investors are looking to Federal Reserve economists for guidance, they get a choice between a continued recession or the greatest boom since 1984, or maybe somewhere in between, as we roll into 2021.   CNBC's Jeff Cox writes that the Fed's forecasters are all over the map after the central bank's two-day meeting that concluded Wednesday - from gross domestic product to the unemployment rate and inflation.   "They've been pretty honest and straightforward about the high level of uncertainty that they see around how the economy's progressing, which is nice," said Kathy Jones, head of fixed income at Charles Schwab. It was a particularly bad week for stocks following the Fed's gloomy take on the economy. The Dow Jones Industrial Average ended the week down more than 5% and the S&P 500 fell more than 4%. And Friday's trading saw a spike in volatility as the Dow swung from a jump of more than 800 points to a modest loss and then moved back into the green to post a decent gain for the day.   A pullback should be expected, strategists say, following a staggering recovery from March. The market has been betting the economy will reopen smoothly, and then swiftly recover from the coronavirus pandemic, but a rise in cases in some states suggests things may not go quite that well.   "As more states get back, the question becomes: Are they going to ramp up fast enough to please Wall Street?" said JJ Kinahan, chief market strategist at TD Ameritrade. "What you're seeing is it'll be hard to do that."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow rises more than 400 points, but Wall Street clinches biggest weekly loss since March CDC warns U.S. may reimplement strict coronavirus measures if cases go up 'dramatically' A full recap of Friday's wild market swings JPMorgan says stocks will climb nearly 50% as investors flee low returns in bonds and cash Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders Starbucks to allow baristas to wear Black Lives Matter attire and accessories after social media backlash Track the latest coronavirus news here AT&T seeks sale for Warner gaming unit, could fetch about $4 billion, sources say The Fed's economic forecasts are all over the map, a sign of how uncertain these times are Trump suggests Lincoln's legacy is 'questionable,' brags about his own work for Black Americans     TOP VIDEO 'The financial industry is in very good shape,' says Sandy Weill   CNBC PRO Art Cashin says millennial amateurs bailing on winners turned this week's sell-off 'vicious'   SPECIAL REPORTS Gold ETF may be headed back to nine-year highs, trader says. Here's one way to play it Banks on the rise after major sell-off — why one money manager sees opportunity   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS