Jan
20
‘Noon Swoon,’ Then Recovery That May Signal Market Turnaround
BySoon after midday on Wednesday, panic selling seemed to be seizing the United States stock market.
The Dow Jones industrial average was down more than 500 points, and all the fears that have driven this year’s declines — including concerns that the world economy is slowing — seemed as potent as ever.
Then investors’ mood changed.
Buyers rushed in, sending the Dow up over 400 points. What could have been a rout ended up being just the sort of down day that investors have had to get used to this year…
‘Noon Swoon,’ Then Recovery That May Signal Market Turnaround
