The late-afternoon comeback pulled the S&P 500 out of so-called correction territory — a drop of 10% or more from its recent high.
“We’re in this wait-and-see mode, which is almost the most uncomfortable place to be, so I think the market is really grappling with that,” said Lindsey Bell, chief markets and money strategist at Ally Invest. Early in the day, benchmark stock indexes flirted with near 4-month lows as investors anticipated guidance from the Fed later this week about its plans to raise interest rates to tame inflation, which is at its highest level in nearly four decades.
But rising prices at supermarkets, car lots and gas stations are raising concerns that consumers will pare back spending to limit the pressure on their budgets. Companies have warned that supply-chain problems and higher raw materials costs could crimp their profits.
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Stocks climb back after steep slide on Fed, Ukraine jittersStocks finished a volatile day slightly higher on Monday after reversing a steep slide caused by uncertainty over inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine. A late-day buying spree pushed the benchmark S&P 500 index to a 0.3% gain after pulling it out of so-called correction territory — a drop of 10% or more from its recent high. “We’re in this wait-and-see mode, which is almost the most uncomfortable place to be, so I think the market is really grappling with that,” said Lindsey Bell, chief markets and money strategist at Ally Invest. The stock market is not the economy.
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Stocks climb back after steep slide on Fed, Ukraine jittersNEW YORK (AP) — A volatile day on Wall Street ended Monday with stocks notching modest gains after climbing back from a steep slide that had knocked more than 1,200 points off the Dow Jones Industrial Average. Amazing. They must been so ready to bash Biden, though. The stock market isn’t the economy. Stock Market ≈ Vegas Casino
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US stocks impressively rebound after volatile MondayWall Street saw a roller coaster of a day on Jan 24., with the Dow Jones Industrial Average dropping more than 1,000 points before closing up for the day.
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Wall Street's 'fear gauge' is on track for its sharpest rise to start a year ever as stocks tumble on inflation, Fed worriesThe Cboe Volatility Index, or VIX, also known as Wall Street's fear gauge—is on track for its sharpest gain to start a year on record and its biggest monthly... Youre late. Headline should now read investors buy the dip after the multi-day sell off on inflation, Fed worries.
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Is the market crashing? No. Here's what's happening to stocks, bonds as the Fed aims to end the days of easy money, analysts sayAmericans are wondering what's amiss with Wall Street after steep declines in stocks and a surge in bond yields in recent weeks. Here's how to think about it. The Fed is the 🐳 all those 15/hr jobs will get fill this year Now if you guys could only fix bigcharts, which hasn't worked since dawn. This dude thinks Google searches are indicative of sentiment overall Holy crap just throw this article in the trash
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