Gut-wrenching volatility extended into a 12th week Monday as U. S. equities plunged and recovered, with the Dow Jones Industrial Average reversing a 508…
Gut-wrenching volatility extended into a 12th week Monday as U. S. equities plunged and recovered, with the Dow Jones Industrial Average reversing a 508-point decline as tech shares bounced.
Major U. S. indexes finished in the green, buoyed by rallies in Facebook Inc. and Microsoft Corp. The pound tumbled as traders took a grim view of the outlook for the U. K. after Theresa May delayed a crucial Brexit vote. The dollar jumped and oil dropped.
Investors found an excuse to buy the dip Monday after the S&P 500 fell to the lowest intraday level since April, continuing a volatile period for U. S. equities. Traders may need to steel themselves for the possibility of the U.
