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What investors should do when there is more volatility in the market
NEW YORK (AP) — U.S. stocks are bouncing back after the market experienced its worst day in two years on Monday , but the average investor may still be understandably spooked. Over a three day losing streak, the S&P 500 dipped more than 6% before rallying again Tuesday, up 1.6% in midday trading. “This is what an emotion-driven market looks like,” said Mark Hackett, head of investment research for Nationwide. “You had a three day period that was really very challenging. But the drop was not justified by the data that was out there, which is why you then have a...
Calm Returns to Wall Street, Stocks Rise After Worst drop in 2 years
NEW YORK (AP) — A rising tide swept stocks higher, and calm returned to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987 . The S&P 500 climbed 1% to break a brutal three-day losing streak . It had tumbled a bit more than 6% on a raft of concerns, including worries the Federal Reserve had pressed the brakes too hard for too long on the U.S. economy through high interest rates in order to beat inflation . The Dow Jones Industrial Average rose 294 points, or 0.8%, while the...
Microsoft Hits Back at Delta Over Claim Tech Outage Cost $500 Million
Microsoft is joining cybersecurity software firm CrowdStrike in fighting back against Delta Air Lines, which blames the companies for causing several thousand canceled flights following a technology outage last month. A lawyer for Microsoft said Tuesday that Delta's key IT system is probably serviced by other technology companies, not Microsoft Windows. “Your letter and Delta’s public comments are incomplete, false, misleading, and damaging to Microsoft and its reputation,” Microsoft lawyer Mark Cheffo said in a letter to Delta attorney David Boies. Cheffo said Microsoft was trying to determine “why other airlines were able to fully restore business operations so much faster than Delta.” The...
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