U.S. stocks rose on Monday as the major indexes rebounded from their worst weekly performances in two years.
The Dow Jones industrial average rose 521 points. American Express and Apple were the best-performing stocks in the Dow, advancing 4.1 percent each.
The S&P 500 gained 1.7 percent, with energy and financials as the best-performing sectors. Real estate was the worst-performing sector as interest rates climbed higher. The Nasdaq composite advanced 1.8 percent.
Shares of Amazon, Bank of America and Apple — which fell sharply last week — all rose by at least 3 percent.
JJ Kinahan, chief market strategist at TD Ameritrade, said the market is trying to find its balance point after last week's wild swings. "There's more volatility ahead. These things take a few weeks to get worked out," he said.
The U.S. stock market has again resumed its downward trajectory as the market is heading for its worst week since the 2008 crisis.
U.S. stocks fell again on Friday as the Dow Jones industrial average headed for its worst week since October 2008.
The Dow was down 230 points as of 12:24 p.m. ET with losses in Boeing and Goldman Sachs pulling the blue-chip index lower. The S&P 500 fell as much as 1.1 percent, hitting its lowest level since Oct. 25 as a 2.2 percent slide in energy outweighed a 1 percent gain in utilities.
The Nasdaq fell as much as 1.25 percent, joining the Dow and S&P 500 in correction territory.
Click here for the latest index numbers in this volatile session.
The Dow dropped 1,032 points Thursday, its second drop of that magnitude this week.
The recent turmoil in equities began last Friday, when the Dow fell 666 points after a better-than-expected jobs report ignited inflation fears. That fall was exacerbated Monday after the yield on the benchmark 10-year Treasury note hit a 4-year high, sending the Dow tumbling another 1,175 points as investors grew more nervous about an overheating economy.
"We're seeing a lot of buying support early, but I think the key thing will be the final hour of the day," said JJ Kinahan, chief market strategist at TD Ameritrade. "It's been such a volatile week that people's risk tolerance is lower."
Read more: (Link: www.cnbc.com)
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This was also posted about 10 days ago.
BREAKING: The Market Is Going Down Again!
The Dow Jones fell over 1,000 points today as the stock market has resumed its downward slide.
Stocks sold off sharply on Thursday while yields on government bonds rose to their highest levels in years.
The Dow Jones Industrial Average dropped by around 1,033 points, or around 4.15 percent Thursday morning. The S&P 500 fell by around 3.75 percent. The Nasdaq Composite Index declined 3.9 percent.
But those losses capture only a part of the action in markets on Thursday. It was a day of renewed volatility where it became almost impossible to avoid describing the market action with the cliche “rollercoaster ride.” Stocks pitched upward and downward all morning and into the afternoon, with the Dow gaining and losing two or three hundred points several times. The volume of trading was about twice as high as normal.
The sell-off accelerated and took a firmer direction in the final hour of trading. In the final hour of trading, the Dow lost hundreds of points
Read more: (Link: www.breitbart.com)
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This was also posted about 11 days ago.
BREAKING: Trump Tweets About The Stock Market "News"!
President Trump has stated that good news has an odd effect on the markets.