Stocks are rallying again. Are they out of the woods? | CNN Business

New York CNN  — 

Wall Street appears to be staging a comeback barely a week after a bruising global sell-off.

Markets were rattled after the Bank of Japan raised interest rates in late July for the second time this year. That led the yen carry trade, in which investors borrow ultra-cheap yen to buy other higher-yielding assets, to begin unraveling. That unwinding came to a head last week, when Japanese stocks logged their worst day in decades. In the US, a dismal July jobs report sparked fears of a recession. US stocks and bond yields plunged.

But a slew

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

I Asked ChatGPT for a Marketing Plan and Was Shocked at the Result

Opinions expressed by Entrepreneur contributors are their own. Many of us expected robots to be a part of our future, but perhaps...

Donald Trump Reportedly Owns Over $1 Million in Cryptocurrency

Ahead of the 2024 U.S. Presidential Election, the future of cryptocurrency and its regulation has become a topic of discussion among voters.On Thursday, a...

This Type of Content Will Impact Businesses Around the World — Here Are the Opportunities and Obstacles Entrepreneurs Need to Know About

Opinions expressed by Entrepreneur contributors are their own. "Spatial" is certainly one of the most popular words this year. In my opinion,...