Wall Street Rebounds: S&P 500 Posts Biggest Gain Since February A wave of dip buying led to a significant rally in stocks following a massive $6.5 trillion selloff that had unsettled global markets. The S&P 500 saw its largest advance since February, with megacap stocks leading the gains. Hedge funds, as noted by Goldman Sachs, bought into the tech sector amid the volatility. The VIX, Wall Street’s “fear gauge,” recorded its steepest drop since 1990. This return to market stability came after a period marked by weak economic data and disappointing tech results. US Treasuries fell as demand for safe-haven assets decreased, and traders adjusted their expectations for Federal Reserve rate cuts. The S&P 500 rose 2%, driven by gains in companies like Nvidia and Walt Disney, while Treasury yields and corporate bond issuance also increased. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Dollar Rises as Geopolitical Tensions Mount; Oil Prices Climb Amid Middle East Concerns READ MORE Central Bank Digital Currencies (CBDCs) – Accelerating towards Dystopia READ MORE Over 80,000 Global Enthusiasts Flock to Hong Kong's Twin Jewellery Shows READ MORE Nvidia Faces $900 Billion Loss Amid AI Investment Uncertainty READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment