Anonymous
Anonymous asked in Business & FinanceInvesting · 1 month ago

what reversed the stock market sell off today? was it Fed. Reserve to the rescue again? why halted and reversed?

Update:

the DOW was down nearly 1000 points around mid day and then slowly rose back up again and closed at the last minute at 650...and the futures are just idle. why?

3 Answers

Relevance
  • Steve
    Lv 6
    1 month ago
    Favorite Answer

    Investors will only let a good stock go but so low before they buy back in again. Have you ever come across something on sale and you thought to yourself that that is too good a price to miss out on? Its a bit like that with stocks.

  • Bryce
    Lv 7
    1 month ago

    There are many people waiting for a dip to buy.

  • Anonymous
    1 month ago

    Because Covid 19 is getting worse and stimulus checks weren't coming out. Now that stimulus checks are coming out, people have more money to spend and invest. But that doesn't fix the Covid problem.

Still have questions? Get your answers by asking now.