If that’s it for the stock market selloff, what’s the rebound going to look like?
The S&P 500 rose 15 points or 0.8 per cent on Monday, after sliding a combined 56.5 points at the end of last week in a selloff that hit some of the hotter stocks particularly hard.
The bounce dispels some concerns that last week’s turbulence was the start of a protracted downturn or the end of the five-year bull market in stocks. But according to Goldman Sachs, the move back up won’t simply reverse the previous losses and reward last week’s biggest casualties.Report Typo/Error
- Wal Mart Stores Inc$75.05+0.27(+0.36%)
- Goldman Sachs Group Inc$226.63+3.41(+1.53%)
- FirstEnergy Corp$30.61-0.10(-0.33%)
- Chevron Corp$106.73+0.80(+0.76%)
- Staples Inc$9.83-0.05(-0.51%)
- Bed Bath & Beyond Inc$39.36-0.33(-0.83%)
- Netflix Inc$152.16+8.33(+5.79%)
- Gilead Sciences Inc$67.12+0.87(+1.31%)
- Amazon.com Inc$907.62+0.21(+0.02%)
- Updated April 25 4:00 PM EDT. Delayed by at least 15 minutes.