Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Best two-day rally since 2020: Are the bulls staging a comeback?
Views 661K Contents 32

What happened to the surprise rally in U.S. stocks?

On Thursday, the U.S. Department of Labor released September core CPI data: the Consumer Price Index increased 8.2% YoY in September. The Core Consumer Price Index rose 6.6% over the past year compared to a year ago, representing the highest level since 1982.
Although CPI higher than expected, the market itself is not so pessimistic
U.S.stocks plunged after the CPI data expoursed.In the morning,the Nasdaq fell more than 3%, the S&P 500 fell more than 2% and the Dowfell nearly 2%.
By the end of the day, the Dow was up 2.83%, the S&P 500 was up 2.6% and the Nasdaq was up 2.2%.
What about tech stocks?
Technology stocks also recovered during the rally, with Microsoft up 3.76%, Tesla up 2.06% and Google up 1.43%.
Although the tech-dominated Nasdaq Composite Index losing a cumulative 21% so far this year, U.S. retail investors jumped at the chance to buy large tech stocks on the cheap.
Earnings seasonis upon us. Want to know how stocks are performing and grabthe quality stocks?
Try moomoo
You can use this section to view the financial information related to the stocks you want to know about in order to better identify and pick quality stocks.
What happened to the surprise rally in U.S. stocks?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
14
1
+0
1
Translate
Report
110K Views
Comment
Sign in to post a comment
  • Sportyladylace : what happens to the money in a stock when it splits? I'm missing the cash invested in AGFY. wish I knew it was going to just disappear, I'd have taken it out and invested in something else rather than believe what I had in there made a difference in whether or not the company survived. just another way for the big fish to steal food from little fish and call it inflation?

avatar
Moomoo Official Account
5844Followers
19Following
8903Visitors
Follow