Stocks Rebound as Wall Street Recovers from Worst Day
TL;DR
US stocks bounced back from their worst daily sell-off in months, with the S&P 500 rising 0.8% and the Dow Jones Industrial Average increasing by 0.7%. The rebound comes after a record-breaking rally driven by expectations of interest rate cuts by the Federal Reserve. Short sellers on Wall Street have lost nearly $178 billion this year, reflecting the unexpected nature of the stock market rally. Economic data released showed that the US economy grew 4.9% in the third quarter, marking the strongest quarter of economic growth since 2021.
- Stock market news today: US stocks bounce back from worst day in months Yahoo Finance
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- Wall St rallies after broad sell-off; Micron shines Reuters
- Dow Jones Today: Stock Futures Up Ahead of Jobless Claims, GDP Data Investopedia
- Stock market today: Wall Street claws back some of Wednesday's big loss, heads toward winning week The Associated Press
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