U.S. Stocks Stage Late-Day Rebound Amid Trade Deal Hopes
U.S. stocks rebounded on Tuesday, with the Dow Jones Industrial Average recovering from earlier losses to close down 0.02%. The S&P 500 Index ended the day down 1.44%, while the Nasdaq Composite Index fell 2.3%.
The rebound came after a volatile trading session, during which investors digested a range of economic data and geopolitical developments. The Dow had been down as much as 1.5% earlier in the day, but a late-day rally helped to erase those losses.
Market participants cited a variety of factors behind the rebound, including optimism about the prospects for a U.S.-China trade deal, as well as hopes for a resolution to the ongoing government shutdown. Additionally, some investors pointed to strong corporate earnings reports as a positive sign for the market.
However, not all market participants were convinced that the rebound was sustainable. Some analysts noted that the market had been volatile in recent weeks, and that it was too early to tell whether the rebound would continue.
Looking ahead, investors will be closely watching developments in the U.S.-China trade negotiations, as well as any updates on the government shutdown. Additionally, a slew of corporate earnings reports are set to be released in the coming weeks, which could provide further insight into the health of the U.S. economy.
