Top news
US stocks reverse severe losses as buyers step in
By Eric Platt, Naomi Rovnick & Leo Lewis
Dow closes lower, but well off session lows in another massive comeback
By Pippa Stevens & Hannah Miao
What Is a Stock Market Correction?
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Formerly TwitterLiz Ann Sonders
LizAnnSonders
Utilities sector soared today but continues to lag MTD and is only up marginally YTD; Tech fell hard and continues to distance itself from Comm Serv and Energy in YTD terms … small caps underperformed today but NASDAQ also had a rough session (and is lagging behind S&P 500 YTD) pic.twitter.com/ilnekdxj2L
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Liz Ann Sonders
LizAnnSonders
Services Index from @NewYorkFed dipped back into contraction in April (down to -0.6 vs. +0.6 prior) pic.twitter.com/v8FsWZWpx4
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Mohamed A. El-Erian
elerianm
Fascinating day in #markets as early, geopolitically related relief gave way to worries about #inflation and, yes, some renewed geopolitical worries.
The significant turnaround in #stocks (including a 600-point swing in the Dow) saw the three major averages lose 0.6%- 1.8%, #gold…
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Ryan Detrick, CMT
RyanDetrick
I did this study right before the Dow hit 40k.
Three weeks later I'm beginning to feel like I jinxed it. Sorry. pic.twitter.com/v7Uqi7ohAG
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All coverage
How Do Stocks Perform When Interest Rates Rise?
By Kristin Mckenna
U.S. stock indexes rebound from new lows after briefly sinking into correction territory
By Yun Li, Hannah Miao & Bryan Logan
Stocks end higher after dramatic selloff
By Anneken Tappe
Here's why stocks are on such shaky ground to start January
By Jesse Pound & Maggie Fitzgerald
Dow falls about 130 points in another day of wild swings as Fed signals rate hikes ahead to fight inflation
By Fred Omar Imbert & Hannah Miao