Wall Street starts October with a bang

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October 4, 2022

Wall Street starts October with a bang

By DAMIAN J. TROISE and STAN CHOE
AP Business Writers

NEW YORK — Stocks on Wall Street rallied to their best day in months on Monday after falling bond yields eased some of the pressure that’s been battering markets.

The S&P 500’s leap of 2.6% was its biggest since July, the latest swing for a scattershot market that’s been mostly falling this year on worries about a possible global recession. Wall Street’s main measure of health was coming off its worst month since the coronavirus crashed markets in early 2020 and is still down nearly 23% for the year.

 
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