Stocks mount biggest comeback in years; S&P 500 jumps 2.6%

A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 13, 2022. Asian stock markets fell Thursday ahead of an update on U.S. inflation that investors worry will reinforce the Federal Reserve's plans for more aggressive interest rate hikes. Wall Street staged its biggest comeback in years Thursday, as stocks roared back from steep morning losses caused by a worse-than-expected report on inflation.

The slump didn't last. Stocks shot up, driving the Dow up 827.87 points, or 2.8%, at 30,038.72. The Nasdaq climbed 232.05 points, or 2.2%, at 10,649.15. The benchmark S They're the latest jagged, back-and-forth moves for markets, which have been swinging sharply due to all the uncertainties about economies around the world and how badly higher interest rates will hurt them.

Young noted that the drop in the dollar relative to other currencies, like the British pound, could be a tailwind for stocks, but not enough to cause such a sharp turnaround in the market.Most investors came into the morning already expecting the Fed to hike its key overnight interest rate by three-quarters of a percentage point next month, which would be its fourth straight hike that was triple the usual size.

The overall Consumer Price Index, also called CPI, was 8.2% higher in September than a year earlier, versus August’s 8.3% inflation.

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Stocks drop on Wall Street following hot inflation reportNEW YORK (AP) — A worse-than-expected report on inflation is hitting Wall Street Thursday, and stocks are falling toward their weakest levels in almost two years. The S&P 500 was 1.4% lower in morning trading after a government report showed inflation is spreading more widely across the economy, with one closely followed component accelerating to its hottest level in 40 years.
출처: AP - 🏆 728. / 51 더 많은 것을 읽으십시오 »

Wall Street jumps, technicals help market rebound By Reuters⚠️BREAKING: *STOCKS ROAR BACK FROM INFLATION-TRIGGERED LOSSES WITH THE DOW NOW UP 800 POINTS - 🇺🇸 🇺🇸 O nasıl gif :) Inverse Cramer nothing else. US elections printing lol 😂😆😂😆
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Stock Market Today: Dow Gives Back Earlier Gains, 10-Year Treasury Yield Nears 4%Markets remained skittish over the U.K. pension-rescue plan. The pound slid and Nasdaq closed in a bear market after the BOE said bond buys will end Friday. When we sell they stop falling, instead the whole market and indexes start rising quickly. Then treasury yields, war etc don’t matter. If buy again they again start falling and indexes too. If we don’t buy, then there’s no fall.
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »

Asian stocks moving lower in wake of latest volatile session on Wall StreetJapan's yen hits 24-year low against the U.S. dollar.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »