Investors are buying the dip for now, but the market rout is likely not over

Stocks rallied Wednesday, and the Nasdaq bounced back after its fastest 10% decline ever, as investors looked for bargains among beaten-down tech and momentum names.

Historically, the market has been a weak performer in September, and stocks could stay under pressure for awhile even there are rallies. Stocks staged an impressive spring back rally Wednesday, with the Nasdaq recovering 2.7% after a three-day 10% decline, the quickest correction ever. Stocks like Apple, Tesla, Amazon and Microsoft all gained sharply. The S&P 500 was up 2.4% , and the Dow also jumped 2.3%. The small cap Russell 2000 lagged with a 1.5% gain.

"We're saying range bound," said DeSanctis. "Until the market answers all these questions, it's hard to see the same type of blow off we saw in July and August."

You Guys post some real pessimist, Debbie downer sht. This America. Also DDTG stoolpresidente say STOCKS ONLY GO UP!

Good. I missed a chance to reverse my money flow out of bonds and into equities. Be nice to get another chance.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Short Selling Stocks Proves Costly for Some InvestorsWhile U.S. tech shares have posted their largest three-day decline since the March rout, investors who have tried to bet against hot stocks can tell you there is no sure thing. The Y2K tech wreck took a few years in fits and starts to bottom out. This tech wreck will follow a similar pattern. He’s holding his “comfort” cat because he just lost a few thousand So you’re saying gambling is risky? Moreover, gambling for individual parts to decline of something that always goes up is risky? Ok shouldn’t be news, esp to these “some investors”
Source: WSJ - 🏆 98. / 63 Read more »