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Stocks Mount Biggest Comeback in Years; S&P 500 Jumps 2.6 Percent

Started by Epoch-Times-Bot, Oct 13, 2022, 08:45 PM

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Epoch-Times-Bot

Oct 13, 2022, 08:45 PM
Stocks Mount Biggest Comeback in Years; S&P 500 Jumps 2.6 Percent

NEW YORK—Wall Street staged its biggest comeback in years Thursday, as stocks roared back from steep morning losses caused by a worse-than-expected report on inflation.
The S&P 500 jumped to a gain of 2.6 percent, a stunning reversal after earlier being down as much as 2.4 percent and touching its lowest level in nearly two years. The Dow Jones Industrial Average swung more than 1,500 points from its low to its high. The turnarounds were the biggest for each index since March 2020.
Other markets around the world likewise veered sharply from losses to gains, while analysts offered possible reasons for the reversal but little that was concrete....

Source: Stocks Mount Biggest Comeback in Years; S&P 500 Jumps 2.6 Percent

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