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Furious Rally Sends Nasdaq to Biggest Rebound Since March 2020

  • Nasdaq 100 averts fifth straight fall Monday with small gain
  • These are great buy-on-the-dip opportunities, says Jablonski
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Dip buyers rescued the Nasdaq 100 from a fifth straight loss, powering a rebound bigger than any the tech-heavy index had managed since the bottom of the pandemic bear market.

The gauge wiped out a drop that reached 2.7% at its worst to finish higher by 0.1%. That snapped a four-day skid that had pushed it more than 8% below a November record. Whipped up as panic over inflation subsided and spurred along by mechanics of the options market, the rebound was the biggest since March 23, 2020.