S&P 500 Recovers from Monday's Meltdown, Ending Week on a High Note

The S&P 500 has rebounded from Monday’s significant losses, ending the week with gains as market volatility subsided. The recovery halted what would have been the longest streak of weekly losses for the index this year. The initial sell-off was triggered by concerns over the Federal Reserve’s response to weak economic data and a rate hike by the Bank of Japan, which increased volatility in the yen and affected carry-trade investors. Despite the turmoil, the markets have shown resilience, with the S&P 500 rising 0.6% and the VIX, Wall Street’s “fear gauge,” calming down. Analysts remain cautious, noting that while the market conditions are challenging, they do not signal an imminent recession or the end of the current bull market.

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