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Nasdaq 100 Notches Best Two-Day Rally Since 2020: Markets Wrap

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BlackRock’s Base Case Is Higher Equities, Koesterich SaysSource: Bloomberg
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U.S. stocks ended a volatile month with the biggest two-day rally since 2020, with beaten-down tech shares powering a late rebound.

The S&P 500 rallied almost 2% for its best back-to-back performance since April 2020, paring a monthly loss that at one point exceeded 10% to 5.3% -- still the worst drop since the pandemic bear market. The Nasdaq 100’s rebound was even sturdier, a 6.6% surge in two sessions. Its members took such a walloping for most of the month that it still ended down 8.5%, the worst since December 2018.