US Stocks Erase October Losses

What a difference a week makes.

Mere days ago, spooked investors were asking themselves: Is it time to get out of stocks?

A double whammy of worsening European economic woes and the ongoing global crises from Ebola to ISIS had spread fear in the market.

At the worst point last week, nearly all the gains for the year were wiped out.

But today, stocks surged. People who have their money invested in funds that track the S&P 500 or tech-heavy Nasdaq are smiling. Both indexes have erased well over half their losses for October.

Or put another way: The S&P 500 is now up over 5% for the year.

And the Nasdaq, which had its best day of 2014 today, is up even higher.

via CNN

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.