NASDAQ Rebounds 0.86% After 4.2% Slide, Failing to Hold Early Bounce
Updated
Updated · Seeking Alpha · Jun 9
NASDAQ Rebounds 0.86% After 4.2% Slide, Failing to Hold Early Bounce
3 articles · Updated · Seeking Alpha · Jun 9
Summary
The NASDAQ closed up 0.86% Monday, recovering only a fraction of Friday’s nearly 4.2% drop after an early rally faded by the close.
Monday’s session began with a broad market spurt, but the major indexes gave back much of those gains, leaving the rebound looking weak and short-lived.
The muted recovery underscored lingering pressure after the prior selloff, with the tech-heavy index unable to sustain what the report described as a dead-cat bounce.