‘Fearful’ Investors Are Reluctant to Sound All-Clear on U.S. Stocks
- S&P 500 still lower for week despite three straight gains
- Trade war cools from boil, but tariffs loom on Sept. 1
Source: Getty Images
This article is for subscribers only.
With American equities extending the torrid rebound from Monday’s rout, investors burned by one of the fastest drops of the bull market are debating if the worst is over.
The S&P 500 rallied more than 1% Thursday and is close to wiping out the damage caused by the biggest one-day sell-off of the year. The equity benchmark is still down more than 3% from its record as the effects from Donald Trump’s escalation of his trade war with China linger. Faced with the prospect of fresh tariffs taking hold in three weeks, here’s what Wall Street’s saying as markets enter what is normally a bumpy time of year: