Yesterday, the main indexes dropped 1% as problems in emerging markets sent investors for cover while.The S&P 500 +1.26% rose 23.9 points, or 1.4% to 1,798.17, recouping all of its losses since Monday.The Dow Jones Industrial Average+0.90% added 166 points, or 1.1%, to 15,904.03.
The Nasdaq Composite +1.95% was the best-performer , gaining 82 points, or 2%, to 4,133.60. “What we are seeing today is a bounce from heavy selloffs in the past few days. The GDP figures were robust, but many investors are overly excited about them. Next year, the feds predict it will grow by 3 to 4 percent .In the near term, we will see a lot of volatility in the markets and more downsides before this pullback is done. In the long-term, the S&P 500 will return 7%-9% this year,