Dow Gains 170 Points as Stocks Rage Against the Dying of the Light

Michael Haddad

6:35 a.m. Stocks are trying to come back from their worst start to a quarter in years. Which is exactly what we’d be expected.

S&P 500 futures have 0.8%, while Dow Jones Industrial Average futures have 170 points, or 0.7%. Nasdaq Composite futures have climbed 1.4%.

Why the drop. “While there was a litany of excuses—including higher rates, a more hawkish Fed, midterm elections, and trade—none of them explained the selloff,” writes Credit Suisse analyst Jonathan Golub. “Historically, investing on volatility spikes leads to above average returns in subsequent months. We reiterate our bullish market call and TECH+ overweight, and believe that investors should opportunistically extend risk against this higher volatility.”

Time will tell if he’s right.

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