N@N

Stock Market Today: Dow Dives 729 Points but Bounces Back to Begin New Year's Week

The article from Kiplinger discusses the volatile start to the stock market in the first trading week of the new year. On the first trading day, the Dow Jones Industrial Average experienced a significant drop of 729 points, driven by concerns over the Federal Reserve's potential interest rate hikes and their impact on economic growth. However, the market showed resilience, bouncing back with the Dow closing up 133 points by the end of the day. This recovery was influenced by a report from the Institute for Supply Management indicating a contraction in U.S. manufacturing activity, which might have alleviated some fears of aggressive rate hikes. Additionally, the article mentions that despite the initial plunge, other major indices like the S&P 500 and Nasdaq also ended the day with gains, reflecting a mixed but ultimately positive market sentiment. The piece also touches on broader market dynamics, including the performance of tech stocks, energy sector movements, and the anticipation of upcoming economic data releases that could further influence market directions.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-dow-dives-729-points-but-bounces-back-to-begin-new-years-week ]