Opinion | Sorry, but I Still Think a Recession Is Coming
A look at history shows that the burden of proof is on the optimists.
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A look at history shows that the burden of proof is on the optimists.
This was the worst day for the Dow since a 943-point drop in late October, and it was the biggest decline this year.
The yield curve began suggesting last year that the economy was headed for a slump.
The Dow Jones Industrial Average rose 0.78% to 34,527.78, the S&P 500 gained 0.85% to 4,477.19, and the Nasdaq Composite added 1.14% to 13,917.50
Wall Street stocks surged on Wednesday and the dollar and Treasury yields fell after new inflation data showed a slowdown in the seemingly relentless rise of US consumer prices.