Dip Buyers Resurface in Dizzying Week for Stocks: Markets Wrap
- Fed trio echoes Powell on faster taper amid elevated inflation
- U.S. regulators move step closer to delisting Chinese firms
This article is for subscribers only.
Stocks notched their biggest advance since October as dip buyers scooped up some of the hardest-hit shares during a two-day selloff. Treasuries retreated.
Companies that stand to benefit the most from economic growth drove gains in the S&P 500, with small caps and travel stocks surging. The Dow Jones Industrial Average climbed almost 2%, led by aerospace giant Boeing Co. Tech shares underperformed. The U.S. is inching ahead on efforts to boot Chinese firms off stock exchanges for not complying with disclosure requirements.