Tech Geek on Nostr: S&P 500 rebounds as 'soft landing' hopes boost US stocks. Hopes for an economic soft ...
S&P 500 rebounds as 'soft landing' hopes boost US stocks. Hopes for an economic soft landing are once again powering U.S. stocks higher, as encouraging data relieve recession worries following a brutal sell-off earlier this month.
The S&P 500 has rebounded more than 6% since Aug. 5, when a steep drop pushed the benchmark U.S. index to its biggest three-day slide in over two years. A rapid return to calm was also evident in the Cboe Volatility Index, or Wall Street's "fear gauge," which has retreated from last week’s four-year highs at a record pace.
Published at
2024-08-18 16:28:06Event JSON
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"content": "S\u0026P 500 rebounds as 'soft landing' hopes boost US stocks. Hopes for an economic soft landing are once again powering U.S. stocks higher, as encouraging data relieve recession worries following a brutal sell-off earlier this month.\n https://image.nostr.build/e0637d4e4fd162fc4b329da3094e07628d629b7f7d249a38c288edac9e5baafb.jpg \nThe S\u0026P 500 has rebounded more than 6% since Aug. 5, when a steep drop pushed the benchmark U.S. index to its biggest three-day slide in over two years. A rapid return to calm was also evident in the Cboe Volatility Index, or Wall Street's \"fear gauge,\" which has retreated from last week’s four-year highs at a record pace.",
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