US Recession Worries Fade: Its Business as Usual in the Stock Market
It’s business as usual in the US as recession worries fade, leading to the stock markets returning to the greener side of the spectrum. In the last five trading days alone, the US stock market has rallied, generating decent returns to investors. Also Read: New Country Shows Interest To Join BRICS Before 2024 Summit Stock Market Performance Amid Fading Recession Worries Source: economictines.com Dow Jones Industrial Average, Nasdaq Composite & S&P 500 Index The Dow Jones Industrial Average is up 1,100 points, surging nearly 2.8% weekly. The Nasdaq Composite climbed over 800 points in five days, surging almost 5% in the charts. In addition, the closely watched S&P 500 index surged more than 200 points with an uptick of nearly 4%. This is the stark opposite of what happened early this month when the stock markets crashed as fears of a US recession loomed. The markets wiped away nearly $2 trillion in two days, and the bloodbath spilt over the Asian stock markets. Also Read: ...