Global sell-off halted as US stocks bounce back

Volatile trading session

clock • 2 min read

US equity markets staged a comeback after a volatile start to yesterday's trading session, with the S&P 500 closing up 1.7% and the Dow Jones rising 2.3%.

After suffering its worst daily points decline in its 122-year history on Monday, the Dow was down 2.1% to 23,824 points soon after US markets opened yesterday and briefly fell into correction territory. However, during a volatile session which saw the Dow trade in a wide range of 1,167 points, stocks eventually rebounded and ended up back in positive territory for the year, the Financial Times reports. The S&P 500 recorded its biggest one day gain since November 7, 2016 to finish at 2,695, with technology the top-performing sector, while the Dow closed up 2.3% at 24,912 and the Nasda...

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