Stocks continue recovery from recent plunge; Dow rises 410

Dow Jones Analysis

Due to the slowdown in the market between January 29 and February 2, combined with an increase in the market's "fear gauge", computer trading programs likely resulted in the Dow Jones' 1,000+ point loss the following Monday, launching a domino effect throughout that week and sending the markets plummeting. All 11 sectors in the S&P pushed higher, led by energy and technology.

USA stocks rose for the third day in a row Tuesday, led by banks, retailers and technology companies.

Apple fell $3.49, or 2.1 percent, to $159.54 and Facebook lost $5.13, or 2.8 percent, to $180.18.

X The Dow Jones industrial average and S&P 500 rose 0.4% and the Nasdaq composite was up 0.6%.

The S&P 500 rose 36.45 points, or 1.39%, to 2,656.

Stocks are surging on Wall Street as the market claws back some of its massive losses last week.

Of course, you have to remember the Dow did correct losing more than 10% and that was in the context of good economic news and company profit reporting.

The turmoil in the U.S. stock market caused a ripple effect in markets across the world.

"The biggest issue for the bond market is the fact that this deficit is going to continue to grow and grow and grow", said Wedbush's Winer.

Tuesday was the busiest day of trading on the New York Stock Exchange since November 10, 2016, two days after the presidential election.

Restaurant Brands International, the owner of Burger King and Tim Hortons, jumped $3.50, or 6.2 percent, to $60.02 after a strong fourth-quarter report, and McDonald's gained $3.77, or 2.3 percent, to $164.57.

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Last week's wildness on Wall Street was because of overbuying of stocks in the United States of America - the Dow was up 30% in a year! - and January was insane with almost an 8% jump in the index.

On Tuesday, U.S. stock futures signaled towards a lower open for Wall Street, after two sessions of gains that helped investors somewhat forget about the possibility of a deeper market correction taking place.

Historic volatility shook Wall Street last week as investors anxious about inflation and the future of interest rates.

US stocks surged Monday, recovering some from the wreckage left by two weeks of trading that wiped out trillions of dollars in market value. Cardinal Health lost $2.34, or 3.4 percent, to $65.69 and McKesson fell $2.84, or 1.9 percent, to $146.18.

The broader Standard & Poor's 500, which many index funds track, rose 25 points, or 1 percent, to 2,645. Henry Schein fell $4.79, or 6.6 percent, to $67.39 and Patterson sank $1.71, or 5.2 percent, to $31.21.

Stocks are surging in early trading on Wall Street, sending the Dow Jones industrial average up as much as 300 points.

Shares of Under Armour rose more than 10 percent in premarket trading after the sportswear maker reported quarterly revenue that beat analysts' estimates.

The market is coming off a turbulent week that left major indexes with their biggest weekly losses in two years. Japan's Nikkei 225 lost 0.7 percent and Hong Kong's Hang Seng index added 1.4 percent.

In the commodity markets, the crude oil prices remained nearly unchanged, recovering earlier from the sharp losses of last week.

"You nearly could hear a collective sigh of relief on Friday when the market closed higher on the day - and ahead of a weekend at that", said John Stoltzfus, the chief investment strategist at Oppenheimer Asset Management, in a note on Monday.

The dollar rose to 108.67 yen from 108.53 yen.

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