Global markets rebound after worldwide plunge on Monday amid US recession fears | US News
Global markets have rallied after worldwide plunges on Monday amid fears the US may be in recession.
Both UK and US markets opened higher than Monday evening and made up some, but not all of the gains lost.
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A partial recovery for US stock
After its worst day in nearly two years, the S&P 500 rose 1.11% following a 3% fall due to Monday’s global stock sell-off.
The index of 30 major companies listed on US stock exchanges, the Dow Jones Industrial Average (DJIA) was up more than 1% after a 2.6% tumble yesterday.
The tech company-heavy Nasdaq Composite rose nearly 1% after ending yesterday at its lowest level since early May, down 3.4%.
A dramatic…
