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$79.96-0.06(-0.07%)
- Goldman Sachs Group Inc$222.74-0.84(-0.38%)
- FirstEnergy Corp$32.93+0.03(+0.09%)
- Chevron Corp$106.61+0.25(+0.24%)
- Staples Inc$10.18-0.02(-0.20%)
- Bed Bath & Beyond Inc$27.53+0.16(+0.58%)
- Netflix Inc$169.06-0.28(-0.17%)
- Gilead Sciences Inc$73.74+0.40(+0.55%)
- Amazon.com Inc$958.00-8.90(-0.92%)
- Updated August 23 4:00 PM EDT. Delayed by at least 15 minutes.