A drop in Treasury yields, which had led to a sell-off in the tech sector, and declining commodity prices brought back the lure for tech stocks.
Wall Street rallied on Wednesday following the Fed's fourth consecutive rate hike decision. The tech-heavy Nasdaq Composite Index had its biggest one-day percentage gain in more than two years.
The U.S. stock market was off to a strong start in July. A strong jobs report, a better-than-expected Q2 earnings picture and a drop in commodity prices brought back the lure for riskier assets.
U.S. stock markets have stabilized in July, with all three gauges notching their fourth consecutive wins.
We take a look at ETF areas that delivered best and worst returns during the first half of 2022
The first half of 2022 has been extremely challenging for the global stock market. We have highlighted the three ETFs each from the best and worst-performing zones of first-half 2022.
Wall Street rally was driven by bargain hunting as most investors flocked in to take advantage of equity weakness and extreme oversold condition.
The S&P 500 and the Dow Jones dropped 2.8% and 2.4%, respectively, while the teach-heavy Nasdaq Composite Index bore the brunt, falling 4% ??? the worst drop since September 2020.
Wall Street staged a strong comeback with the major bourses notching the biggest weekly gain in 16 months.
The rounds of strong earnings from some of the biggest tech names have led to the robust rebound.
