Stocks rebound after 800 point slide in the Dow as interest rates decline

[Peter1469]

Stocks rebound after 800 point slide in the Dow as interest rates decline

So this drop was not the beginning of the predicted coming market correction- just a reaction to rising interest rates.

Stocks rose on Thursday, erasing earlier losses, as weaker-than-expected inflation data sent interest rates lower. Rising rates were the culprit for an 800-point plunge on the Dow on Wednesday.The Dow Jones Industrial Average traded 43 points higher, while the S&P 500 tried to snap a five-day losing streak. The Nasdaq Composite outperformed, rising 0.7 percent.


A rebound in tech shares helped boost the major indexes on Thursday. Facebook, Alphabet and Apple all rose about 1 percent. Netflix, meanwhile, gained more than 2 percent.



Tech's bounce came after the U.S. government said the consumer price index rose 0.1 percent in September, well below the expected gain of 0.2 percent.
These data pushed Treasury yields fell from multiyear highs. The 10-year Treasury note yield traded at 3.167 percent while the two-year yield slipped to 2.848 percent.

[Captdon]

People who worried about this shouldn't own stock.

[Peter1469]

Well it is dropping a bit again.