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

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All 3 major U.S. indices rallied today, recovering most of the losses from earlier in the week, as global bond yields rebounded and investors digested reassuring trade data from China. The Dow climbed 1.44% as the S&P surged 1.89%.

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%.

 

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So are we out of the turmoil phase?

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

saved for now, but wont will crash even harder

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