By The Wall St Journal / Mar 28, 2019 06:59:37AM EDT / 21:59 GMT by Roberta D. KaplanThe U.S. stock market has seen a stunning rebound after a brutal two-week plunge.
The Dow Jones Industrial Average DJIA, +0.40% soared 1,099 points, or 0.4%, to 17,719.21.
The S&P 500 SPX, +1.00% gained 3,746 points, Or 0.2%, to 2,527.70.
The Nasdaq Composite Index COMP, +2.06% also rose 0.7%, or 0% to 4,928.47.
In the short-term, stocks are rallying in the wake of the latest U.N. vote to impose new sanctions on Russia, but investors will likely face tougher hurdles to jump on the recovery.
“If the market starts to come back and get to the next levels, it will be an indication of the strength of the recovery,” said Doug McCausland, chief investment officer of First Capital Advisors, a private equity firm.
That will be hard to prove but if they do, I think investors will want the markets to come up with a lot of upside,” he said. “
Investors will want to see if the markets have regained their momentum.
That will be hard to prove but if they do, I think investors will want the markets to come up with a lot of upside,” he said.
Some investors may not be so lucky.
The Federal Reserve is considering a move to raise interest rates later this year if it sees inflation in the U.K. getting above 2%.
The Dow has surged more than 1,000 points since the Brexit vote, which triggered a trade war in the currency markets.
“The markets may be able to bounce back a little bit more.
But if we see a continuation of that downward trend, it’s not going to be easy,” said David Korten, chief market strategist at Morgan Stanley.
“I think that there is a lot more downside risk that the markets don’t bounce back quickly enough.”
The S &Ps rose 5.4% after surging 10% on Thursday.
The stock market was buoyed by strong earnings reports from General Electric (GE), whose stock was up 7.9% in after-hours trading.
The company’s stock is up a lot because it’s selling more of its manufacturing assets to boost its earnings.
GE’s shares were up more than 14% over the past year.
Dow Jones has jumped 1,624 points, the biggest gain since June 18.
The benchmark S&s has climbed 5,813 points, more than 3% from its opening price.
The FTSE 100 is up 2.7%.
The Nasblex is up 4.7% over its last 12-month high.
The Russell 2000 index SPX4, +3.68% is up 0.9%.
The broader S&P 500 is up 1.5%.