Stocks rally, pushing S&P 500 into positive territory for the wild week

Thursday's gains helped the indexes recover most of the sharp losses from Monday's session. The Dow and S&P 500 fell nearly 3% each on Monday while the Nasdaq dropped 3.5%. The indexes hit the week's lows on Wednesday before staging a strong comeback.

Tech shares led the gains Thursday, with the sector surging 2.9%. AMD was the best-performing stock in the sector, jumping 16.2% as investors cheered the release of aDisney shares also contributed to the gains, rising 2.3% after an analyst Credit Suisse upgraded the media giant to outperform from neutral. The analyst expects the company will have aThe benchmark 10-year Treasury note yield traded at 1.72% after dropping below 1.6% in the previous session.

Tumbling yields can signal global growth concerns from investors and fuel sharp pullbacks in equity markets. An escalation in trade tensions between China and the United States has accentuated these fears in recent days. Wall Street saw a wild ride Wednesday when theTraders work on the floor at the New York Stock Exchange.A slew of rate cuts from central banks around the world fueled the worries over global growth.

The data helped Asian stocks rise overnight. The Shanghai Composite gained 0.9% while the Nikkei 225 climbed 0.4%.

So are we out of the turmoil phase?

“Reassuring trade data?” How is that possible 🤔?

saved for now, but wont will crash even harder

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

S&P 500 and Nasdaq erase losses after bond market scareThe S&P 500 and the Nasdaq Composite clawed back their earlier losses and closed higher, up 0.1% and 0.4%, respectively. The Dow closed down 0.1%, or 22 points. At its worst, the index was down 589 points. It’s called the Don Effect. He knows how to fix shit unlike anybody on the left!
Source: CNN - 🏆 4. / 95 Read more »

Global Stocks Rally After Wild Swings on Wall StreetStocks around the world rose as stronger-than-expected Chinese trade data and upbeat indicators in Europe eased concerns about a sharp deterioration in the global economic outlook.
Source: WSJ - 🏆 98. / 63 Read more »