Stocks rebounded on Wall Street Monday and clawed back most of their sharp loss from last week.
The S&P 500 snapped higher as the initial jolt passed from the Federal Reserve’s reminder that it will eventually offer less help for markets. Oil producers, banks and other companies that were hit particularly hard last week made the biggest gains.
High-growth tech stocks lagged. Shorter-term yields fell, and longer-term yields rose in another reversal from last week’s initial reaction to the Fed’s saying it may raise rates twice by late 2023.
On Monday:
The S&P 500 rose 58.34 points, or 1.4%, to 4,224.79.
The Dow Jones Industrial Average rose 586.89 points, or 1.8%, to 33,876.97.
The Nasdaq rose 111.10 points, or 0.8%, to 14,141.48.
The Russell 2000 index of smaller companies rose 48.35 points, or 2.2%, to 2,286.09.
For the year:
The S&P 500 is up 468.72 points, or 12.5%.
The Dow is up 3,270.49 points, or 10.7%.
The Nasdaq is up 1,253.20 points, or 9.7%.
The Russell 2000 is up 311.24 points, or 15.8%.
Before you consider ONE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ONE wasn't on the list.
While ONE currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
