On Tuesday, the major averages recouped some of their losses from a three-day sell-off.
added nearly 300 points. On Monday, the Dow and the broad-market S&P 500 posted their worst session since 2022, fueled by recession worries and the unwinding of the
The staying power of Tuesday's rebound, which lifted all 11 sectors of the S&P 500, remains to be seen. Tumultuous times are likely still ahead, according to LPL Financial chief global strategist Quincy Krosby. "The lingering question now is whether the concerns that pushed the market into a cascade of selling are alleviated," she said."Pockets of volatility are expected to continue as August and September give way to a calmer seasonal period, however, it's important to remember pockets of opportunity are always on the other side of the storm.
"We've had some earnings reports out in the past 12 hours that have been a little bit encouraging," he said on CNBC's"" Tuesday."There definitely has been a slowing and cooling of the economy, but corporate America is evolving in response to it and they're generating reasonably healthy earnings."— The online booking company plunged 13% after second-quarter earnings missed Wall Street estimates.
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