Stocks Stage Surprise Turnaround

happytrader 3

Update: Stocks ended flattish, with the Dow gaining just 1 point, and the other indices dipping slightly. But compared to the early declines, it certainly feels like an up day.

Original post: We’ll see how things shake out, but after being down all day on fears of a Fed rate hike (maybe), stocks are back on a big wave of volume. The sceptical traders are saying “buy programs!” which have been fingered in 10 out of the last 10 rallies.

It’s not huge. The Dow is up 36, hovering around 8800. We’ll see if it can hang on for the final 20 minutes of the day.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at