Dow rebounds 1,167 points a day after suffering worst plunge since financial crisis - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Dow rebounds 1,167 points a day after suffering worst plunge since financial crisis

in 1991 — 31% at its intraday low — rebounded as much as 11% on Tuesday and ended the day roughly 10% higher.GOLDMAN SACHS: These 15 stocks are plunging with the market, but their powerful long-term growth could make them bargains to buy right now

The jump in oil prices is "not a clear signal just yet," Collin Martin, fixed income strategist with the Schwab Center for Financial Research, told Markets Insider in an interview. Low oil prices for an extended period of time will be "very challenging for energy companies, especially the highly leveraged ones," he said.

Investors should remain "rational, disciplined, and unemotional" while navigating current market swings, Dev Kantesaria, managing partner at Valley Forge Capital Management, told Markets Insider in a note. "We are fortunate to have a recent example — the 2008-2009 financial crisis," he said. "The impressive rebound in public equities over the last decade should be a lesson to those worried about where share prices will be next month or next quarter."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh I wonder who’s benefits from this? 🤷🏼‍♀️🙄

The stock market chart is Trump's signature written on a downward curve.

JoeConnollybiz Why can't those algorithms make up their damn minds?

Ugh because the market is stupid and listened to nonsense that drooled out of agent oranges maw.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Global stocks and oil mount a recovery while Dow gains 800 pointsCNN News, delivered. Select from our newsletters below and enter your email to subscribe. TRUMP 2020!!!! You mean his announcement of it. The devil lies in the details. That’s how Trump rolls ..hand outs with money that is not his
Source: cnnbrk - 🏆 393. / 55 Read more »