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A volatile day on Wall Street ended Monday with stocks notching modest gains after climbing back from a steep slide that had knocked more than 1,200 points off the Dow Jones Industrial Average.
The Dow Jones dropped by more than 700 points Monday morning, while the NASDAQ and S&P 500 were down 440 points and 120 points, respectively.
The steady decline in stock prices has come as the Fed has signaled its readiness to begin raising its benchmark short-term interest rate in 2022.
NEW YORK (AP) — Stocks finished a volatile day slightly higher on Monday after reversing a steep slide precipitated by uncertainty over inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine. A late-day buying spree pushed the S&P 500 to a 0.3% gain after pulling out of so-called correction territory — a […]
The steady decline in stock prices has come as the Fed has signaled its readiness to begin raising its benchmark short-term interest rate in 2022.