WiredPRNews.com – On Tuesday the Dow Jones industrial average surged an astonishing 900 points late in the day as investors looked for bargains on Wall Street, as reported by the Associated Press. The approximate 900 point jump was stated to be second highest surge in history.
There was no one particular factor attributed to the jump for the Dow, which saw much of the increase in the final hour of trading. Investors appeared to searching for bargain deals on stocks which some say may have been the result of anticipated cuts on interest rates by the Federal Reserve, as stated in the report. Previous losses were attributed to fear of an impending recession by investors who chose to sell, however; the changed minds of some are not believed to be representative of a healthier stock market.
Despite the point increase, analysts are skeptical that the rise will continue in the currently volatile market. Many anticipate that such gains will be accompanied by huge losses during the road to more stability.