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KiplingerJan 24, 2022
Stock Market Today: Dow Erases 1,100-Point Intraday Drop to End Higher
The stock market swoon appeared set to continue into a fourth week, with all the major benchmarks notching massive intraday losses.

Negative readings on IHS Markit's Flash Manufacturing Purchasing Managers Index (PMI) and Flash Services PMI - both of which came in well below economists' consensus estimates today (55.0 vs. 56.9 expected; 50.9 vs. 54.9 expected, respectively) - added to the bearish narrative on Wall Street, says Michael Reinking, senior market strategist for the New York Stock Exchange.

SEE MORE 22 Best Retirement Stocks for an Income-Rich 2022 Specifically, it has been "dominated by increasing geopolitical risks; the hawkish Fed tone in anticipation of Wednesday's Federal Open Market Committee rate decision; and slim earnings beats combined with lacking earnings guidance," he writes.

"The environment we have been in for the past 13 years or so was created by quantitative easing, zero interest rates, and there is no alternative," says Michael Tuttle, CEO and chief investment officer at Tuttle Capital Management. " Now that the Fed is going to unwind and raise rates, it is causing a repricing of the entire market." He believes that whatever the Fed is going to say on Wednesday is likely now priced in, and a short-term bounce isn't out of the quesion. 

"However, I would expect that [bounce] to be short-lived and expect volatility through at least the end of the quarter until the market fully digests," Tuttle adds. 

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And bounce is exactly what the market did today. Bargain hunters swooped in during the final minutes of trading, sen

Dow erases 1,100-point plunge to end higher as stocks see historic intraday reversal (MarketWatch MarketPulse)

Google Business NewsJan 24, 2022
Wall Street closes higher in late market reversal - Reuters
Wall Street closes higher in late market reversal  ReutersStocks end higher after dramatic selloff  CNNDow curbs 1000 point drop as Russia, Ukraine tensions rise  Fox BusinessSorry, Stock Traders, the Fed Won't Have Your Back  BloombergS&P 500 ETFs fall as the VIX crosses above 37, its highest point since Nov. 2020  Seeking AlphaView Full Coverage on Google News

CNBC FinanceJan 24, 2022
Stocks mount stunning comeback on Monday with Dow closing in the green after earlier 1,000-point loss
The rout in U.S. stocks to begin 2022 gained steam on Monday.

MarketWatch Breaking NewsJan 24, 2022
Dow's down less than 100 points in final half-hour as stocks pare losses
Dow's down less than 100 points in final half-hour as stocks pare losses

Yahoo BusinessJan 24, 2022
Panic-like selling emerges Monday as stock market tumbles and Dow skids over 1,000 points

Yahoo BusinessJan 24, 2022
Monday's worst-performing stocks in the S&P 500 are down as much as 42% for 2022

MarketWatch Breaking NewsJan 24, 2022
Dow claws back from 1,000-point drop to end higher as stocks mount huge reversal
Dow claws back from 1,000-point drop to end higher as stocks mount huge reversal
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