Stocks Rise After Steep Selloff, Dow Recovers 1,000 Point Loss
Summary from the AllSides News Team
Some major stock indexes rose higher than they started on Monday, after a steep selloff described by many as “dramatic.”
Monday’s stock market news continued a trend of volatile market shifts but broke January’s downward trend. The Wall Street Journal (Center) reported that the Dow Jones Industrial Average had “never before closed positive after being down at least 1000 points.” Coverage tended to attribute Monday’s earlier selloff to anxiety over the Federal Reserve’s plans to raise interest rates, Russia’s potential invasion of Ukraine, and inflation.
Coverage was more common and more prominently featured in business-focused outlets. Coverage in several outlets across the spectrum used somewhat sensationalist language, calling the market’s shifts “a wild ride,” “a remarkable turnaround,” “a massive comeback from the brink of collapse,” and a “dramatic selloff.”
Featured Coverage of this Story
From the Center
Stocks mount stunning comeback on Monday with Dow closing in the green after earlier 1,000-point loss
Stocks mounted a dramatic comeback on Monday as investors stepped in to buy beaten-up tech shares following a sharp sell-off earlier in the day.
The Dow Jones Industrial Average closed up 99.13 points, or 0.3%, at 34,364.50, gaining for the first day in seven. The S&P 500 finished higher by 0.3% at 4,410.13. The Nasdaq Composite gained 0.6% at 13,855.13. The Russell 2000 index of small-cap shares closed up as well.
The Nasdaq Composite Index turned positive after being down as much as 4.9% earlier in the session. The Dow...
From the Left
Stocks end higher after dramatic selloff
On a wild day on Wall Street, stocks ended the day higher with a stunning turnaround just before the closing bell. Stocks began the day with a dramatic selloff.
US stocks opened in the red as investors worried about the Federal Reserve's plans to hike interest rates, tensions in Ukraine, earnings season and — of course — inflation.
At the low point of the session, the market was on track for its worst day since October 2020, with the Dow down more than 1,000 points.
But with just minutes to go in the trading...
From the Right
Stocks erase losses in wild ride, Dow cuts 1,000+ point loss
It was a wild session on Wall Street, with big market swings, as investors assessed Russia’s military buildup on Ukraine’s borders and the Federal Reserve's meeting this week which begins tomorrow.
The Dow Jones Industrial Average closed with a gain of 101 points or 0.3% erasing a 1,000+ point drop. The S&P 500 also curbed all losses to end 0.3% higher and the Nasdaq Composite, at one point down nearly 5%, rose 0.6%.
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