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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Equities

Partner Insight: Are equities really overvalued?

Partner Insight: Are equities really overvalued?

Value dispersion means there are plenty of cheap opportunities

Gareth Jones
clock 09 February 2024 • 1 min read
Partner Insight: How much value is there in UK equities?

Partner Insight: How much value is there in UK equities?

‘As different as they are attractive’

The UK Equities Team at Invesco
clock 07 February 2024 • 1 min read
Partner Insight: The shift to value - still on course?

Partner Insight: The shift to value - still on course?

The tailwinds remain for value investing

Gareth Jones
clock 06 February 2024 • 1 min read