The Dow Jones Industrial Average rose 345.09 points, or 1.05%, to 33,220.80, recovering nearly all of its losses from the previous session. The S&P 500 gained 1.75% to close at 3,849.28, and the Nasdaq Composite climbed 2.59% to 10,478.09.
"We were overdue for a rebound, and a lot of the recent weakness may be explained by further tax-loss selling once the Santa Rally didn't materialize," he said. "We'll have further volatility into the new year with plenty of uncertainty about whether a soft landing is possible and if not how much resolve the Fed will have to not pivot if we tip into a serious recession.
"The market seemed to appreciate that the jobs report showed a modest increase in continuing unemployment claims, in line with expectations and providing a nugget of evidence that a soft landing is possible," said Jason Blackwell, chief investment strategist at The Colony Group.during the regular session Wednesday as recession fears weighed on investor sentiment in a losing month and year. The Dow lost 365.85 points, or 1.1%. The S&P 500 fell 1.
"Investors are anticipating an economic recession to materialize early in 2023, as evidenced by the three quarters of projected S&P 500 earnings declines and continued defensive sector leanings," said Sam Stovall, chief investment strategist at CFRA Research. "The severity of the recession remains in question. We expect it to be mild."The Dow Jones Industrial Average rose 345.09 points, or 1.05%. The S&P 500 gained 1.75% and the Nasdaq Composite climbed 2.
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Live: Stocks close higher in year-end rally. Nasdaq adds more than 2%
The minute Joe and Jill landed in St.Croix. Can we make Joe President of St. Croix ?
Based on what? It has been in downward spiral the past few weeks. Trying to give people false hope before the rug is pulled.
Someone must have taken Jerome Powell to the wood shed for a beating
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