S&P 500 Steady and Nikkei Rises as Stocks Rebound From Sell-Off
A measure of calm returned to global markets on Tuesday, as stocks staged a modest recovery from the panic that had overtaken investors to start the week.
On Wall Street, the S&P 500 rose 1 percent, after falling 3 percent on Monday, which was its sharpest daily decline since September 2022. Tuesday’s trading — a rally that lost steam late in the session — marked a break in a three-day retreat for stocks, and came after two weeks of turbulence across financial markets.
Investors are grappling with a number of changing dynamics in the global economy: A steep rise in the yen recently had upended some popular trades, while a weaker-than-expected U.S. jobs report sparked fears of a slowing American economy. Meanwhile, concern about…
