Dow Puts in 1,100 Point Bounce as a Bearish October Winds Down

Dow Jones Talking Points:

– The end of what was a brutal October for US stocks is nearing, and US equities have posed brisk topside rallies through Tuesday and Wednesday trade as a portion of those prior losses have been recouped. But we may not yet be out of the woods, as a series of drivers is on the horizon: Tomorrow brings the Bank of England’s Super Thursday and after the close, Apple will report earnings. Friday morning brings US jobs numbers, and next Tuesday brings mid-term elections in the US.

– The two-day bounce across stocks is quite noticeable, and this took place after what may have been capitulation on Monday. This week opened with a continuation of selling, and the Dow perched down to a fresh three-month-low around 24,127 during Monday’s session. But since then a very visible rally has developed that’s seen prices gain more than 1,150 points off of the lows.

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