US Stocks Bounce Back After Global Market Sell-Off

Published on August 6, 2024

Global stocks rose in erratic trading on Tuesday following the previous day’s selloff and mounting concerns of a possible recession in the United States. The Dow Jones Industrial Average was up about 300 points by 9:45 a.m. ET after it dropped more than 1,000 points on Monday. The S&P 500 and the Nasdaq Composite also posted modest gains on Monday morning. Over the past five days of trading, the Dow Jones has shed about 1,800 points, or over 4 percent. The S&P 500 lost 3 percent on Monday, while the Nasdaq dropped 3.43 percent, extending a recent sell-off as fears of a possible U.S. recession spooked global markets....