Stocks rally after a massive drop
Stocks ended the day higher just before the closing bell
Investors were concerned about the Federal Reserve's interest rate hike
PLANS, UKRAINE TENSIONS, EARNINGS SEASON, AND, OF COURSE, INFLATION.
The Dow was down over 1,000 points at its session low, on track for its worst day since October 2020.
But with minutes left in the trading session, the major
INDICES TURNED GREEN. THE DOW FINISHED UP 0.3%, OR 99 POINTS.
What happened to reverse the trend? The selling may have gone too far.Late afternoon,
OANDA SENIOR MARKET ANALYST EDWARD MOYA SAID, "INVESTORS MAY HAVE BECOME OVERLY PESSIMISTIC ABOUT GROWTH."