Wall Street Snaps Back Following Worst Week Since February

Stocks rebounded on Wall Street, clawing back most of their sharp loss from the previous week, as the initial jolt passes from the Federal Reserve’s reminder that it will eventually offer less help for markets.

  • Published
The facade of the New York Stock Exchange, is seen Wednesday, June 16, 2021. Stocks are opening mostly higher on Wall Street, getting the week off to a positive start after the S&P 500 posted its biggest weekly decline since February. The benchmark index was up 0.3% in the first few minutes of trading Monday, June 21. (AP Photo/Richard Drew)
Image via AP Photo/Richard Drew

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

NEW YORK (AP) — Stocks rebounded on Wall Street Monday, clawing back most of their sharp loss from last week, as the initial jolt passes from the Federal Reserve’s reminder that it will eventually offer less help for markets. The S&P 500 snapped 58.34 points higher, or 1.4%, to 4,224.79 and recovered nearly three-quarters of its worst weekly loss since February. Oil producers, banks and other companies that were hit particularly hard last week led…

Read at AP News