Stock markets rally after global rout

A wave of dip buying led to a stock rebound after a $6.5 trillion selloff. The S&P 500 rose by 1%, with all major sectors gaining as buyers capitalized on the “oversold” market.

Historically, such slumps have been followed by a 6% median return over three months. The VIX saw its biggest drop since 2010.

Treasuries fell as haven asset demand decreased, and expectations for Federal Reserve rate cuts were moderated.

Despite concerns of a recession, experts predict slower growth instead. Nvidia Corp. led gains, and the S&P 500 reached 5,240, Yahoo Finance has reported.

read more: https://finance.yahoo.com/news/japan-stocks-poised-rebound-us-232530941.html

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