Stocks Surge, Put Shaky Few Weeks Further Behind Them
NEW YORK — Stocks around the world jumped on Tuesday,
and the Standard & Poor’s 500 had one of its best days of the year, as markets put a shaky last couple of weeks further behind them.
It’s taken just two days for the index to recoup half the loss it sustained in the two weeks since setting a record on Aug. 7.
Jon Adams said that We’ve seen these blips of volatility this year, and we have tended to calm down very quickly afterward,
It had just two days this year where it fell by 1 percent or more, before doubling its tally during the last two weeks.
The heads of both the Fed and the European Central Bank are expected to speak at the symposium,
and if either suggests a more aggressive pace than investors are expecting, it would likely mean another tumble for markets.
