Reported 2 months ago
After a tumultuous three-day decline, US stocks rebounded on Tuesday with the Nasdaq Composite rising by 2.2% and the S&P 500 increasing by around 2%. This rally followed concerns over the US economy and labor market that had led to significant market losses recently, including a drop of around 6% for the S&P 500. Investor sentiment shifted positively, with major tech stocks like Nvidia and Tesla seeing gains. However, upcoming Federal Reserve decisions remain a primary concern for traders, as expectations for rate cuts increase in light of recent job reports.
Source: YAHOO