Specialist John O'Hara works at his post on the floor of the New York Stock Exchange, Wednesday, Aug. 7, 2024.
What made this decline particularly scary was how quickly it happened. A measure of how much investors are paying to protect themselves from future drops for the S&P 500 briefly surged toward its highest level since the COVID crash of 2020. “Today’s jobless claims data may ease some of the concerns raised by last week’s soft jobs report,” said Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. “But with inflation data due out next week and the stock market still working through its biggest pullback of the year, it’s unclear how much this will move the sentiment needle.”
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Wall Street's smaller stocks roar a day after S&P 500's worst loss since 2022Wall Street’s split widened, as smaller stocks and other formerly unloved areas of the market rose while Big Tech stocks gave back more of their huge gains.
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Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022Shares are mostly higher in Asia after Wall Street made a comeback from its worst loss since 2022. U.S. futures and oil prices also rose early Friday after most U.S. stocks climbed following a surprisingly strong report on the U.S. economy that raised hopes for profits at smaller companies.
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Stock market today: World shares mostly advance after Wall St comeback from worst loss since 2022Shares are mostly higher in Europe and Asia after Wall Street made a patchy comeback from its worst loss since 2022.
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Stock market today: World shares mostly advance after Wall St comeback from worst loss since 2022Shares are mostly higher in Europe and Asia after Wall Street made a patchy comeback from its worst loss since 2022.
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