US Stock Market Rally Amid Government Shutdown Reprieve and Market Volatility
The US stock market experienced a significant rally after fears of a government shutdown receded, leading the Dow to rise over 650 points on Friday. Despite this relief bounce, the market ended the week down, marking its worst performance since a major downturn in 2023. The S&P 500 and Nasdaq also showcased strong gains, with recent volatility prompting speculation about whether this rebound signals a market bottom or merely a temporary recovery. Analysts caution that rising inflation fears and geopolitical tensions could continue to impact market stability, but the strong performance from tech stocks like Nvidia and Palantir has brought some optimism to investors.
The Wall Street Journal, Nasdaq, Reuters, MarketWatch, FOREX.com, TheStreet, CNN, CNBC, The Associated Press, Bloomberg