Wall Street experienced volatility, selloff due to Fed concerns, but rally after positive jobless claims.

From Investing.com: 2024-08-09 15:37:00

Markets experienced a surge in volatility on Monday, with the volatility index hitting its highest level since the 2020 pandemic. Concerns over the Federal Reserve’s handling of interest rate cuts amidst a weakening economy led to a steep selloff in stocks. However, a positive report on weekly jobless claims helped ease fears and prompted a stock market rally towards the end of the week. Geopolitical threats, including potential conflicts in Russia-Ukraine and the Middle East, continue to loom over markets, contributing to ongoing uncertainty. In this environment, assets like gold and silver are seen as essential for safety-minded investors looking to shield themselves from potentially volatile market conditions.



Read more at Investing.com: Wall Street Lets Out Sigh of Relief, Uncertainties Persist