Stock Buyers Step In to Power Wall Street Rebound: Markets Wrap

A renewed wave of dip buying powered a rebound in stocks on speculation equities have more room to run after a brief respite in the six-month rally from the edge of a bear market.

The insatiable appetite for stocks that’s already driven the S&P 500 up over 35% from its April lows sent the benchmark to fresh all-time highs, energizing investors betting the bull market is nowhere near its end.

Stock buyers step in.

Source: Bloomberg

Momentum-chasing traders kept piling into equities after a series of records fueled by factors such as corporate resilience and the restart of Federal Reserve rate cuts. Renewed enthusiasm ...