Stocks surged for a second consecutive day as the market’s rebound from its recent sell-off gathered steam.Image Credit: Google
The Dow Jones industrial average jumped more than 400 points, or 1.8 percent, to close at 23,138.Image Credit: Google
The S&P 500 gained 1.5 percent, while the Nasdaq composite rose 1 percent.Image Credit: Google
Equities have now recovered nearly all of the ground they lost last week when Wall Street was rocked by concerns about inflation and interest rates.Image Credit: Google
The Dow plunged more than 1,100 points on Thursday, its worst one-day drop in six and a half years, before staging a modest rebound on Friday.Image Credit: Google
Investors appear to have regained their footing this week as they resume their focus on the strong corporate earnings and economic growth.Image Credit: Google
That have propelled the market to record highs in recent months.Image Credit: Google
“The market is just trying to find its footing after last week’s sell-off,” said Michael Arone, chief investment strategist at State Street Global Advisors.Image Credit: Google
“Investors are starting to realize that the fundamentals remain strong.”
Still, some market watchers caution that the recent volatility could be a sign of more turbulence ahead.
As investors adjust to the possibility of faster interest rate hikes from the Federal Reserve.