U.S stocks have recovered more than half of the losses of the correction that took place just three weeks ago and now stand less than 5% below record levels seen earlier this year. This morning all three major indices are higher after finishing last week in positive territory for the second week in a row.
U.S. stocks are pulling back to kick-off this holiday shortened week. The Dow is down nearly 100 points in early trading while the S&P500 is seesawing around the unchanged line. The Nasdaq is up slightly led by broad gains among the ‘FAANG’ stocks. Today’s selling trend follows a six session rally that saw the three major U.S.
Stocks are recovering this morning, after a brutal selloff last week that ushered in new levels of volatility that market participants haven’t seen in some time. The Dow Jones Industrial Average finished last week with losses of -5.2% in a week that saw two 1,000 point drops and six consecutive days of 500 point intraday swings.
U.S. stocks are on the decline this morning following a volatile session on Friday that sent stocks tumbling. Both the Dow and S&P500 finished last week with declines of 2.5% and 2.1% - the largest single day drop for stocks since September 2016. That downward trend is continuing in early trading this morning.