The stock market has suffered immense volatility lately due to the multi-decade high inflation, the Fed’s hawkish stance, geopolitical instability, and a possible economic slump. The S&P 500 plunged 17.4% year-to-date, while the Dow Jones and Nasdaq Composite declined 12.4% and 25.1%, respectively.
However, the stocks rallied yesterday as traders bet on robust corporate earnings. The S&P 500 gained 2.8%, while the Dow Jones and Nasdaq Composite rose 2.4% and 3.1%, respectively.
