According to preliminary data, the S&P 500 gained 92.38 points, or 2.58 per cent, to end at 3,669.41 points, while the Nasdaq Composite gained 227.30 points, or 2.18 per cent, to 10,644.40. The Dow Jones Industrial Average rose 829.08 points, or 2.84 per cent, to 30,039.93.Article content
“There may be some short covering going on, but also, a lot was priced in,” said Michael Contopoulos, director of fixed income at Richard Bernstein Advisors. “There has likely been a fair amount of defensive positioning lately in equities and on the rates side, higher policy rates means higher probability of a hard landing.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Jamie Dimon’s S&P 500 bear market: Brutal, far from unimaginableDon’t be surprised if the S\u0026amp\u003BP 500 loses another one\u002Dfifth of its value, says JPMorgan Chase \u0026amp\u003B Co. CEO Jamie Dimon. Read on. 100% controlled by Central banks. They don't care, they are tanking the market in response to inflation to try and keep wages low. If wages rise the rich lose a little bit of their power and wealth. If you work for a company that has not given inflation increases. Quit. In my opinion, all planned. Create an issue (COVID), have governments implement the most backward restrictions, wait for markets to crash, gobble up all stock at ridiculously low discount prices, wait, watch fortunes rise, repeat.
Source: nationalpost - 🏆 10. / 80 Read more »
Jamie Dimon’s S&P 500 bear market: Brutal, but far from unimaginableDon’t be surprised if the S\u0026amp\u003BP 500 loses another one\u002Dfifth of its value, says JPMorgan Chase \u0026amp\u003B Co. CEO Jamie Dimon. Read on.
Source: fpinvesting - 🏆 43. / 63 Read more »
Stocks are going crazy today — soaring 3% in wild ride after inflation data plungeS\u0026amp\u003BP 500 surged to highs of the day in a broad rally — wiping out a loss that hit 2% — on track to halt a six\u002Dday selloff. Read more
Source: nationalpost - 🏆 10. / 80 Read more »