Specialist Patrick King, left, works at his post on the floor of the New York Stock Exchange, Tuesday, Aug. 6, 2024.Specialist Patrick King, left, works at his post on the floor of the New York Stock Exchange, Tuesday, Aug. 6, 2024.Specialist Patrick King, left, works at his post on the floor of the New York Stock Exchange, Tuesday, Aug. 6, 2024.
AP AUDIO: Wall Street rallies to bounce back from its worst day in nearly 2 years, as Japanese stocks soarStronger-than-expected profit reports from several big U.S. companies helped drive the market. Kenvue, the company behind Tylenol and Band-Aids, jumped 14.5% after reporting stronger profit than expected thanks in part to higher prices for its products. Uber rolled 11.2% higher after easily topping profit forecasts for the latest quarter.
The stock market’s “dip is not a blip,” he warned in a report, and called it “too soon to jump back in.”
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