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Dip Buyers Drive U.S. Stock Rebound After Selloff: Markets Wrap

  • Goldman Sachs expects four Fed hikes, faster runoff in 2022
  • Key measure of U.S. inflation set to be released on Wednesday
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Stocks Enter Selloff Mode, Nasdaq Extends LossesSource: Bloomberg
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Stocks rebounded as dip buyers emerged to blunt a five-day selloff -- the longest losing streak since September. 

After sinking 2% earlier Monday, the S&P 500 almost wiped out its losses, buoyed by signs that the omicron coronavirus variant may be peaking in New York. The Nasdaq 100 turned green after the gauge of giants like Apple Inc. and Microsoft Corp. dropped as much as 8.5% from its November record. Investors have been on edge as the Federal Reserve prepares to raise rates and the resurgent virus threatens economic growth.