Stocks Sharply Higher, Rebounding from yesterday’s Sell Off!
Stocks on Wall Street were higher at midday, as the S&P 500 rebounded from yesterday’s loss, which was its biggest in a month. Investors were relived and stepped back in to buy after Russian President Vladimir Putin said there’s no immediate need to send troops to Ukraine. The lone economic report of any significance, the ISM report for the New York region, fell from its prior reading but the decline was explained away due to the harsh winter weather. The market rebound could be short lived, however, with the situation in Ukraine not fully resolved by any means.
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