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Markets recovered 80-90% of losses from Monday's Stock Market Dive
Wall Street mounted a major comeback at the closing bell, culminating in a win on Friday and a turn-around that nearly wiped away Monday's heavy losses.The S&P 500 (^GSPC) rose close to 0.5%, while the Nasdaq Composite (^IXIC) increased 0.5%. The Dow Jones Industrial Average (^DJI) gained 0.1% or about 50 points. Traders poured back in after Monday saw the worst rout of the year, and Wall Street's "fear gauge," the CBOE Volatility Index (^VIX), soared to its highest levels since the throes of the pandemic. But encouraging labor data and reassurances from analysts and economists helped to level-set the panicked mood. All three major indexes Posted by: Lord Garth 2024-08-10 |
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