25 Stocks With Scary Good October Returns

The Dow erased triple-digit losses to end with a 100-point gain

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Schaeffer's Market Recap
10/06/2021
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Stocks Settle Higher After Shaky Trading Day


By: Lillian Currens

Markets were all over the place on Wednesday, with the Dow shedding 459 points at session lows, before snapping back by the close to notch a 100-point win. The S&P 500 and Nasdaq also clawed their way back into the black by end of day, as investors digested news that Senate Minority Leader Mitch McConnell has agreed, in a closed meeting of Republicans, to offer a short-term extension of the U.S. debt ceiling in order to avoid national default and a subsequent economic crisis. 

Meanwhile, investors rotated back into the beaten-down tech sector, and shifted away from reopening stocks, following a pessimistic review of the airline sector from Goldman Sachs. Also propping up stocks was a better-than-expected ADP employment report for September, which showed private jobs rising to 568,000 for the month. 

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