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Dow's Freakish Bounce Makes Investors Whole, Can't Erase Doubts

  • Crude rally, patient Fed boost benchmark by 12% since Feb. 11
  • Signs of caution amid earnings slump, investor withdrawals
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Deep Dive: U.S. Stock Market Rally, Oil Prices

Just as fast as U.S. stocks tumbled in what was the worst-ever start to a year, they have staged one of the biggest turnarounds in history -- and yet all anyone seems to focus on are the negatives.

An advance of 0.9 percent in the 119-year-old Dow Jones Industrial Average Thursday wiped out a year-to-date decline that swelled to as much as 10 percent in February, making investors whole 11 weeks into a year that was shaping up to be a disaster. It’s the fastest that a retreat of 10 percent or more has ever been reversed this early in a year, data compiled by Bloomberg show.