After one day of the strongest gains in the year, stock prices rose from the terrible morning to early afternoon today.
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The views expressed Pioneer Shareholders are their own.
The Dow fell more than 600 points before making its way back and more to close at 260 points or 1.14 percent. The S & P 500 and the Nasdaq composite rose 0.86 per cent and 0.38 per cent, respectively. The Entrepreneur Index, which fell more than 3 per cent in the morning, rose 0.37 per cent.
Investors seem torn between fear of a looming recession and a chance to buy cheap stocks suddenly. In the morning, they sold out of stocks and bought the US Treasuries safely. The yield on 10-year US Treasury bonds (which are moving against their price) fell by more than 6 points before investors tried it again in stock. Ended the day down one basis point at 2.79 percent. The Volatility Index (VIX), which measures volatility in the stock market, was above 30 for the fifth straight session.
Technology shares were the biggest reversal, with most of them falling sharply in the morning but ending with gains. NVIDIA Corp Chipmaker was the biggest loser, falling 1.45%, while Amazon.com (-0.63%) was the only Fang share that closed its day. Softwareforforms.com was the biggest gainer in the sector and on the entrepreneurship index, gaining 3.33%.
Boston Scientific Corp gained 2.38%, while Cintas Corp rose 1.96%. After rising more than 10 per cent yesterday, Hess Corp rose 2.69 per cent today, despite a 1.2 per cent drop in oil prices.
Other notable gains in the Interbriner index include the chain of restaurants Shibutly Mexican Grill (2.18 per cent), Rollins (1.85 per cent) and Aflak (1.9 per cent).
Tesla was the biggest decline in the Entrepreneur ™ index today, falling 3.05%. The company is accelerating plans to build cars in China. The bidding process has recently opened for contractors to build a massive $ 2 billion assembly plant in Shanghai. The stock has fallen nearly 20 percent in the past two weeks.
PATH & BOND was the third-biggest loser, falling 1.38 percent. Wynn Resorts Inc. The casino operator has its usual volatile day, down more than 5 percent this morning, ending the day down 1.12 percent.
Entrepreneur ™ brings together a list of over 60 publicly traded companies managed and managed by entrepreneurs. Entrepreneurship is a valuable asset for any business, and this indicator recognizes its importance, regardless of the company's growth. These inspirational works can be tracked in real-time on Entrepreneur.com.