The stock market has been under tremendous pressure over the past few weeks due to investors’ concerns about macroeconomic and geopolitical issues. However, the Dow Jones Industrial Average (DJIA) gained 191.66 points yesterday to close at 32,120.28, while the S&P 500 and the Nasdaq Composite jumped 0.9% and 1.5% to close at 3,978.73 and 11,434.74, respectively. But although the market ended with gains yesterday, overall market sentiment is expected to remain bearish.
Investors’ concerns over the Federal Reserve’s aggressive interest rate increases to tackle 40-year high inflation, supply disruptions due to the Ukraine-Russia war, the surprising decline in GDP in the first quarter, rising energy and commodity prices, and COVID-19 restrictions in China are the primary factors driving market volatility of late.
