Posted 2/15/2024, 12:49:00 AM
Stocks Rebound After 2-Day Slide as Investors Digest Data
- Stocks rebounded, with the S&P 500 and Nasdaq ending 2-day losing streaks after hotter inflation data triggered a retreat
- Notable stock moves included Uber rising on stock buyback news, while Upstart Holdings fell 20% on disappointing outlook
- 10-year Treasury yield fell back to 4.258%; CBOE Volatility index dropped below 15
- Comments from Chicago Fed President Goolsbee and cooler UK inflation helped spark market bounce
- Quiet trading session ahead of retail sales, PPI data later in week which could bring more volatility