US stocks indexes rebound after Tuesday’s big drop

130319

US stocks indexes rebound after Tuesday’s big drop

US Stocks closed on a higher note on Wall Street Tuesday, recovering from a sharp drop in the market the day before.

The rebound ended the 5-day losing streak of the Dow Jones Industrial Average which was impacted by investor concerns of the new China virus that could severely impact global economic growth.

“There are always a few bargain hunters out there who will step in and start buying almost immediately,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “But I’m quite surprised that it’s been this quickly and that it has rebounded as much as it has.”

The S&P 500 index jumped up 1% (36.61 points) to 3,276.24. The Dow rose by 0.7% (187.05 points) to 28,722.85. The Nasdaq climbed by 1.4%, (130.37 points), closing at 9,269.68. Meanwhile, the Russell 2000 index of smaller company stocks went up by 0.9% (14.18 points) to 1,658.31.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: