Stock Market Bounces Back With Dow Jones Industrial Up 567 Points After Monday’s Historic Sell-Off
By Matthew Rocco, Fox Business // February 6, 2018
S&P 500 Up 46 Points, NASDAQ Up 148 Points
ABOVE VIDEO: The Dow Jones Industrial Average suffers wild swings, recovers 567 points after historic sell-off on Monday.
(FOX BUSINESS) – Stocks bounced back Tuesday in another day of volatility on Wall Street, as the Dow swung through triple-digit gains and losses on the heels of a historic sell-off.
The Dow Jones Industrial Average soared 567 points, or 2.33%, to 24,912. The S&P 500 advanced 46 points, or 1.75%, to 2,695. The Nasdaq Composite added 148 points, or 2.13%, to 7,115.
U.S. equities have suffered from wild swings in recent sessions amid growing concerns over inflation — a decline in the value of money due to rising prices. Investors are bracing for the possibility that the Federal Reserve will accelerate its timetable for hiking interest rates to prevent inflation from getting out of control.
However, low unemployment, robust corporate earnings and consumer spending remain headwinds for the stock market in the long run, according to Kimberly Foss, president of Empyrion Wealth Management.
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