Wall Street Recovers from Recent Sell-Off as Rate Cut Hopes Rise
Following a dramatic sell-off driven by weak jobs data and new tariff announcements, Wall Street staged a significant recovery. The Dow Jones Industrial Average surged over 500 points, bouncing back from losses incurred on Friday. The S&P 500 and Nasdaq also experienced substantial gains as investor optimism grew around potential Fed rate cuts, fueled by weakening economic indicators. Major tech stocks, including Nvidia, led the rally, contributing to a broader recovery across US equity markets. The turnaround highlights a market prone to volatility amidst ongoing economic concerns and international trade tensions.
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