Stock market rebounds after volatile trading week

Screen Shot 2018 02 12 at 1.56.43 PM


  • US
    opened firmly higher on Monday, extending Friday’s
    gains after a volatile week in which the three major indexes

    slumped into a correction
    — a 10% drop from recent
  • The decline coincided with new concerns about inflation
    and was worsened by the wrecking of trades that had bet on low

US stocks are extending
gains from late Friday
, lifting the market further away from
correction territory.

The three major indexes
plummeted into correction
— a 10% drop from recent peaks —
last week after a long, unusually stable period that helped
catapult them to record highs. The 5.2% weekly decline for the
S&P 500 was the worst in two years.

At 1:57 p.m. ET on Monday, the Dow Jones
industrial average
was up 513 points, or 2.1%. The index of
30 large companies including Apple
and Coca-Cola
regained half of its…

Read more here

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%