The Dow was up 937 points at its high on Tuesday, but the rally faded in the final hours of trading.
 | TUE, APR 07, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | MSFT | 163.49 | -1.78 | -1.08% | | BA | 141.58 | -7.19 | -4.83% | | AAPL | 259.43 | -3.04 | -1.16% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | CCL | 11.30 | +1.09 | +10.68% | | AAL | 10.22 | +0.72 | +7.58% | | F | 4.71 | +0.18 | +3.97% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAL | 10.22 | +0.72 | +7.58% | | AMD | 47.56 | +0.04 | +0.08% | | MSFT | 163.49 | -1.78 | -1.08% | |
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Stocks lost momentum in the final hour of trading. The Dow Jones Industrial Average was up more than 900 points at its high, but ended the day lower. David Kostin, chief U.S. equity strategist at Goldman Sachs, says investors can expect another dip. "I would just remind you that in 2008 in the fourth quarter there were many different rallies," he said on CNBC's "Squawk on the Street." "But the market did not bottom until March of 2009." The S&P 500 is up more than 20% from its low on March 23. Investors have grown more confident that a peak in the coronavirus pandemic is near and that the economy will reopen soon. Billionaire investor Michael Novogratz, however, told CNBC that he thinks this week's rally was driven by short sellers. "I think one or two more days and people will sell into it," he said.
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