Stocks rose sharply in volatile trade late Thursday morning, erasing a steep plunge seen after a rise in the core reading of the consumer price index sparked...
Stocks rose sharply in volatile trade late Thursday morning, erasing a steep plunge seen after a rise in the core reading of the consumer price index sparked an across-the-board tumble. The Dow Jones Industrial Average DJIA, +1.86% was up 466 points, or 1.6%, after a drop of nearly 550 points, or 1.
8%, in early activity. The S&P 500 SPX, +1.72% rose 1.4% as it erased a loss of 2.39%, while the Nasdaq Composite rose 1.1% after dropping as much as 3.15%. If gains hold, the Dow would see its biggest comeback in percentage terms since May 20, while the S&P 500 and Nasdaq were set for their biggest comebacks since Feb. 24.
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Stocks tumble globally on raft of economic, political worriesMSCI's global index of stocks hit its lowest level in almost two years on Tuesday while oil prices sank on fears about the potential for a global recession as central banks rapidly increase interest rates in an effort to tame inflation.
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Where stocks are finding some support ahead of Thursday’s inflation reportFor as fragile as things look, the stock market hasn't found many sellers near the year-to-date lows the past couple of days.
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Stocks dive, dollar rallies as dazed traders gird for inflation dataAsian stocks sank again Wednesday while the dollar held gains against the yen and sterling as the volatility that has characterised markets for most of the year showed no sign of letting up.
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Asian stocks moving lower in wake of latest volatile session on Wall StreetJapan's yen hits 24-year low against the U.S. dollar.
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These are the Dow stocks to buy and sell as rates surgeThe 10-year Treasury yield has been retesting a key 4% level since breaking above it last month for the first time since 2008.
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