Apple and other techs led a big rally off morning lows as oil prices and bond yields dived. Markets see Fed rate hikes ending this year. Read More...
TheStreet.com
As We Come Back From July 4, Market Fights a Hangover
After the July 4 holiday, the market looked tired and hungover by Tuesday morning. Oil fell sharply as growth fears continued to build, and the euro collapsed against the dollar as a recession looks like a near certainty in Europe. Biotechnology and growth stocks, which have been leading this bear market for months, attracted bargain hunting, and as the day progressed, the buying spread into big-cap technology and a wide variety of other “junk” names.
Add Comment