After U.S. stocks' worst day in four years, the Dow Jones Industrial Average jumped more than 300 points shortly after the opening bell Tuesday. The sharp rebound "erases nearly all of yesterday's losses," Reuters reports. The recovery follows China's central bank's decision to cut its key interest rate to support growth.
At the closing bell Monday, stocks had risen from their more than 1,000-point drop in the morning, but still were down about 3.6 percent at 588 points. Analysts say stocks are expected to continue the upward climb throughout the day Tuesday.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Democrats’ strategy to woo voters for 2026: religionThe Explainer Politicians like Rob Sand and James Talarico have made a name for themselves pushing their faith
-
Pregnancy in AmericaFeature Why is it getting riskier to give birth in the U.S.?
-
The potential warning sign of an auto lender’s bankruptcyIn the Spotlight Tricolor collapse an ‘extreme example’ of economy’s challenges
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
