Headline: Wall Street Rebounds From Sharp Selloff to End the Day Flat
U.S. stocks endured a whiplash session, plunging at the open before reversing within 90 minutes as buyers stepped in. A midday surge in large-cap technology shares helped lift sentiment, but momentum faded into the close, leaving the major indices near unchanged and capping a mixed week for equities.
By the closing bell, the S&P 500 was essentially flat, the Nasdaq Composite edged up 0.1%, and the Dow Jones Industrial Average slipped 0.6%. Small caps, measured by the Russell 2000, added 0.3%, while Canada’s TSX Composite also gained 0.3%. Notably, the Nasdaq fell more than 1.5% intraday yet finished positive—a rare pattern last seen in early April—highlighting elevated intraday volatility and uneven risk appetite.
On a weekly basis, the S&P 500 rose 0.1%, the Dow added 0.3%, and the TSX advanced 1.4%. The Nasdaq dipped 0.5% and the Russell 2000 fell 1.8%, reflecting the ongoing push-pull between growth leadership and broader market participation. Technically, the Nasdaq has moved largely sideways for roughly two months despite typical seasonal tailwinds, and traders are watching the 20,000 region as a potential area of support if volatility persists.
Key Points – Stocks staged a swift intraday recovery, with major U.S. indices finishing near flat after a steep opening drop. – Close: S&P 500 flat; Nasdaq +0.1%; Dow -0.6%; Russell 2000 +0.3%; TSX +0.3%. – Rare reversal: Nasdaq fell at least 1.5% intraday but closed higher for the first time since April 7. – Weekly moves: S&P 500 +0.1%; Nasdaq -0.5%; Dow +0.3%; Russell 2000 -1.8%; TSX +1.4%. – Tech-led bounce faded late, underscoring choppy market conditions and elevated intraday volatility. – Traders note the Nasdaq’s two-month range and are watching the 20,000 area as a key technical level.
