US stocks rebound from the lows to post a solid day

It was another rollercoaster in North American equity markets. There were some fresh tariff threats and the market is continue to digest some of the tariffs from earlier in the week.

That was met with some dip buying in chipmakers and some beaten-up names. The big turn came at noon ET as the S&P 500 climbed 100 points from the lows.

Closing changes:

• S&P 500 +31 points or +0.55%
• Nasdaq Comp +0.7%
• DJIA +0.5%
• Russell 2000 +0.65%
• Toronto TSX Comp +0.7%

The weekly numbers are more-humbling:

• S&P 500 -3.1%
• Nasdaq Comp -3.5%
• DJIA -2.4%
• Russell 2000 -4.0%
• Toronto TSX Comp -2.5%

This is the third straigh week of losses and the worst week in the SPX since September.

This article was written by Adam Button at www.forexlive.com.