{"id":303782,"date":"2021-07-20T21:09:46","date_gmt":"2021-07-20T18:09:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-rebounds-more-than-600-points-after-mondays-virus-driven-rout\/"},"modified":"2021-07-20T21:09:46","modified_gmt":"2021-07-20T18:09:46","slug":"dow-rebounds-more-than-600-points-after-mondays-virus-driven-rout","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-rebounds-more-than-600-points-after-mondays-virus-driven-rout\/","title":{"rendered":"#Dow rebounds more than 600 points after Monday\u2019s virus-driven rout"},"content":{"rendered":"

“#Dow rebounds more than 600 points after Monday\u2019s virus-driven rout<\/strong>”<\/p>\n

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The Dow rose more than 600 points on Tuesday, erasing most of a massive selloff that slammed the markets a day earlier on fears that the coronavirus\u2019 new Delta variant could derail the economic recovery.<\/p>\n

In mid-morning trading, the Dow Jones industrial average was up 592 points, or 1.7 percent, at 34,554. The S&P 500 was up almost 60 points or 1.4 percent higher than its Monday finish and the Nasdaq was up 185 points for a 1.3 percent gain.<\/p>\n

That\u2019s after the Dow closed 725 points lower Monday in a punishing session that was its worst since October, at one point shaving nearly 950 points off the blue-chip index in frenzied trades. <\/p>\n

\u201cA lot of investors are getting in on the dip,\u201d Jim Paulsen, chief investment strategist at the Leuthold Group, told The Post. \u201cInvestors wanted to take advantage of how badly stocks got beaten back yesterday.\u201d<\/p>\n

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\"Exxon
Exxon was among the stocks to bounce back on Tuesday.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n

Tuesday\u2019s rally was the largest gain for the Dow in a month. The Dow briefly hit a new high above 35,000 last week and all major indices are up at least 14 percent year to date.<\/p>\n

Travel<\/a> stocks, which had been hit hard yesterday amid worries rising coronavirus cases could lead to more shutdowns, rebounded. Carnival, American Airlines and United Airlines were all up more than 5 percent mid-morning.<\/p>\n

Energy stocks like Exxon and Chevron, which dropped yesterday on news<\/a> the OPEC+ nations agreed to expand oil production, were off their lows.<\/p>\n

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\"Giant
Cruise companies began sailing back into positive territory.<\/figcaption>
AFP via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n

But fears about coronavirus, economic growth, oil prices and inflation still remain.<\/p>\n

Over the last week, new cases have climbed as the ultra-contagious Delta variant becomes the dominant strain. While cases are primarily spreading among populations with low vaccination rates, even states with a majority of residents vaccinated, like California, are implementing new restrictions.<\/p>\n

And inflation rates are at their\u00a0highest in 13 years, according to consumer price index data from June. A report released Friday from the University of Michigan shows consumers believe inflation will continue and even escalate \u2014 they estimate prices on goods will climb 4.8 percent over the next year.<\/p>\n

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\"Wall
Investors jumped at the chance to buy stocks at Monday\u2019s depressed prices, an investment strategist tells The Post.<\/figcaption>
STRF\/STAR MAX\/IPx<\/span><\/figcaption><\/figure>\n<\/div>\n

Market analysts point to positive signs \u2014 like the fact most companies have reported strong earnings in the second quarter \u2014 as reason for optimism. But they\u2019re still keeping an eye on coronavirus.<\/p>\n

\u201cI think the odds of another massive shutdown are low,\u201d Paulsen says. \u201cBut coronavirus is still heating back up.\u201d\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Dow rebounds more than 600 points after Monday\u2019s virus-driven rout” The Dow rose more than 600 points on Tuesday, erasing most of a massive selloff that slammed the markets a day earlier on fears that the coronavirus\u2019 new Delta variant could derail the economic recovery. In mid-morning trading, the Dow Jones industrial average was up…<\/p>\n","protected":false},"author":1,"featured_media":303783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/sized-wall-street.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[112278,109496,73977,73785,72388,70360],"class_list":["post-303782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-7-20-21","tag-delta-variant","tag-dow-jones-industrial-average","tag-markets","tag-stock-market","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/303782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=303782"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/303782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/303783"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=303782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=303782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=303782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}