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Violent market swings sent the S&P 500 into correction territory over a four-day period that began last Friday, while other markets around the world fared just as badly. But by the end of the week, investors who stayed put Monday were in the black.
The panic selling that began last week turned into a mid-week rally, and markets either continued to either gain or at least stabilize through Friday. Perhaps, investors realized, things weren’t all that bad.
After all was said and done, the S&P 500 ended the week 0.91-per-cent higher, the Dow Jones Industrial Average was up 1.11 per cent, and Canada’s S&P/TSX composite index rose 2.9 per cent. Read More…
