How US Stock market fared in January 2022, as Nasdaq 100 records best two- day rally since 2020
- ByStartupStory | February 1, 2022
U.S stocks ended a capricious month with the biggest two- day rally since 2020, as Nasdaq 100 posted almost 6.6% surge in last two sessions.
The volatility being beheld could be due to the investor’s hustle for a consensus on how to value stocks amid signals on monetary policy.
For the US Stock market, January 2022, ends up on a affirmative note but only after the supreme indices enrolled a loss on a monthly basis.
S&P 500, Nasdaq 100 and Dow 30 were all down by nearly 5.86%, 9.52 percent and 3. 97% separately in January 2022.
U.S stocks ended a volatile month with the biggest two- day rally since 2020, with beaten- Down tech shares powering a late bounce with Nasdaq 100 posting a nearly 6.6 % surge in the last two sessions.
U.S stock market was beheld to some huge volatility all during the month.
On some days, Nasdaq, 100 saw moving up by almost 5 percent while on other days, it wiped off the entire giants.
On January 28th ( Friday), it surged more than 3 percent to end the week merely higher while on January 31st, Nasdaq 100 clocked another jump of 3.29% to end the month on a high note.
S&P 500 also saw it’s biggest rally since June 2020, with the index wiping out its weekly losses on January 28 and again closing with gains of 1.89% per cent on January 31.
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