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October 4, 2019

Stocks rebound from sell-off as Fed rate cut odds improve

By ALEX VEIGA
AP Business Writer

Technology and health care companies helped U.S. stocks rebound broadly from an early sell-off Thursday, snapping the market's steep two-day skid.

The Dow Jones Industrial Average swung from a loss of more than 330 points to a gain of more than 120 after another disappointing economic report raised expectations among investors that the Federal Reserve will cut interest rates again to help keep the U.S. economy growing. The S&P 500 and Nasdaq also recovered from the early rout.


 
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