The Dow is snapping back from its worst week since October 2020
| |  6/21/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Erases Friday's Fed-Induced Selloff, Adds 586 Points | By: Lillian Currens | | It was a miserable couple of days for the Dow, following the Federal Reserve's decidedly hawkish comments late last week, which released as investors rotated out of reopening and commodity stocks. These sectors staged a strong rally today, and the blue-chip index wound up kicking off a fresh week with a 586-point pop -- marking its biggest one-day jump since early March. The S&P 500 also saw a rebound, with many on Wall Street considering last week's response to the central banks new economic projection overly dramatic. The Nasdaq saw the most muted performance, weighed down slightly by several Big Tech names, but still managed a triple-digit jump on Monday. Continue reading for more on today's market, including: - Option bulls bet on a big comeback for United States Steel stock.
- Video game giant primed for a breakout on the charts.
- Plus, a guide to selling options; SAM added to analyst's "best ideas" list; and ZIP hit with bull note.
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