Stocks bounced back after selloff that erased about $6.5 trillion from global equity markets in the past few weeks.
Equitiesadvanced after the worst S&P 500 rout in almost two years. Buying US shares after a slump of the scale witnessed over the past month has usually been profitable, according to Goldman Sachs Group Inc.’s. Since 1980, the US benchmark gauge has generated a median return of 6% in the three months that followed a 5% decline from a recent high.
Traders mull market direction after $6.5 trillion global equity rout.
Photographer: Michael Nagle/Bloomberg
US Treasuries fell as demand for haven assets waned globally, with the market now turning to a $58 ...
