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Dow jumps about 1,100 points as markets rebound while the worries behind the selloff persist

FinanceInternational24/7 Wall St.AI summary
Image: 24/7 Wall St.

The Dow Jones rose about 1,100 points on Monday, more than 2%, to roughly 52,400, after stocks' worst week since April. The S&P 500 index fund gained 2.4%, its biggest rise since April 8, and the Nasdaq-100 fund rose 3.5%. The text notes that the worries driving the previous week's selling had not been settled and that the main change on Monday was a drop in oil prices. It also cites Warren Buffett's 2008 rule: "if you wait for the robins, spring will be over."

In 45 seconds

  • The Dow Jones rose about 1,100 points, more than 2%, to roughly 52,400, after the worst week since April.
  • The S&P 500 index fund gained 2.4%, its biggest gain since April 8, and the Nasdaq-100 fund rose 3.5%.
  • The worries behind the prior week's selling remained unresolved; the main change on Monday was the drop in oil prices.
Read the full story at 24/7 Wall St.

IASummary generated by artificial intelligence from a story by 24/7 Wall St.. It may contain errors: the original source prevails.

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