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Wall Sreet roars back after biggest plunge in 6 yrs; 'volatility ahead'

Tuesday's wild trading session saw the Dow swing more than 1,100 points from its low to its high

Reuters  |  New York 

Shaken out of many months of calm, Wall Street braced for a higher level of volatility in the days ahead, after a roughly 2 per cent rebound in US stocks on Tuesday followed the biggest one-day selloff in more than six years. The question that vexed traders: were the wild swings of the past two days the start of a deeper move down or just clearing the way to the resumption of the aging bull market, which would turn nine on March 9. "Today's market action is a classic of a market that has searched for a bottom," said Peter Cardillo, chief market economist at First ...

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First Published: Wed, February 07 2018. 06:55 IST