Wall Street Sees Significant Rebound as Market Stabilizes and Gold Hits Record High
In a striking turn of events, the Dow jumped over 500 points as U.S. stocks mounted a recovery following a recent sell-off triggered by political tensions and comments from former President Trump regarding Federal Reserve Chairman Powell. Major indexes, including the S&P 500 and Nasdaq, saw gains with investors focusing on upcoming earnings reports, particularly from Tesla. Gold prices reached a new high of over $3,500, reflecting a broader uncertainty in the market. As corporate earnings steal the spotlight, stocks such as GE, Verizon, and Lockheed Martin are drawing attention from investors. Despite the positive moves in the market, sentiment remains cautious amidst fluctuating bond yields and concerns over future economic growth.
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