A renewed wave of dip buying spurred a rebound in stocks after a selloff triggered by economic concerns, with traders now looking to this week’s inflation data for clues on the size of Federal Reserve rate cuts. The S&P 500 halted a four-day losing streak as buyers scooped up bargains. The equity gauge bounced back following its worst start to a September since data going back to 1953, according to data compiled by Bespoke Investment Group. “We’re seeing mostly technical dip-buying,” said Tom Essaye at The Sevens Report. “Economic growth is undoubtedly and clearly losing momentum, but a soft landing remains more likely than a hard landing. This […]
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