3 days ago
S&P 500 Climbs Most Since May as Dip Buyers Emerge: Markets Wrap
A renewed wave of dip buying lifted stocks, with traders sifting through solid earnings amid bets the Federal Reserve will soon cut rates. Treasuries wavered ahead of a heavy slate of US debt sales.
As equities halted a four-day slide, the S&P 500 climbed over 1%, the most since May. Tech megacaps, which bore the brunt of the recent selling, led the bounce. Corporate results also buoyed sentiment, with 82% of the companies in the US benchmark so far beating estimates.
