“This resulted, to a certain extent, in a relief in the stock market that has ridden that over the course of the past several days,” he said.
The S&P 500 rose 51.45 points to 4,463.12. The Dow gained 274.l7 points to 34,754.93, and the Nasdaq added 279.06 points to 13,893.84. The broader market has been volatile over the last few weeks as investors consider a number of concerns including inflation and. Major indexes are down for the year in a sharp reversal from solid gains over the last several years.
It doesn't matter if it's up or down because it's always irrational.
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