Calm returns to Wall Street; stocks bounce back after their worst drop in nearly 2 years

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Calm returns to Wall Street; stocks bounce back after their worst drop in nearly 2 years - Business Mirror

Quick Summary:

NEW YORK—A rising tide swept stocks higher, and calm returned to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987.

They helped overshadow weakness across other areas of the stock market, which were struggling under the weight of high interest rates.

Calm returns to Wall Street; stocks bounce back after their worst drop in nearly 2 years Specialist Patrick King, left, works at his post on the floor of the New York Stock Exchange on Tuesday, Aug.6, 2024.