Stocks bounce back after volatile trading session |
Stocks finished higher after a roller coaster session, where a morning rally was interrupted by a brief afternoon slide as traders weighed trade war fears against a strong start to earnings season. The S&P 500 and Nasdaq-100 both finished higher while the Russell 2000 notched another record high. Advanced Micro Devices soared after a big price hike from HSBC, leading a tech rally that powered the Nasdaq-100 higher. The Russell 2000 posted a second-consecutive all time highest close. Bank earnings continued to be positive, with both Morgan Stanley and Bank of America rising after beating expectations. Stocks that moved higher: |
- The rare earth trade reversed, sending Critical Metals, MP Materials, USA Rare Earth, and United States Antimony Corp. sharply lower.
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