Markets: The Correction Is Not Over Yet

The recent selloff in the stock market could be the start of a reprieve, hedge fund experts and market strategists said.

The Dow rose by 618 points or 1.98% on Monday following Friday’s downturn that reached bear market territory. The S&P 500 also increased by 1.86% while the Nasdaq edged higher by 1.6%.

The slide in the stock market has brought down tech and biotech companies along with a cluster of retailers facing higher inflation and inventory levels as consumers have started to cut back on spending, including Target ( (TGT) – Get Target Corporation Report) and Walmart ( (WMT) – Get Walmart Inc. Report).

Source: https://www.thestreet.com/investing/market-correction-not-over?puc=yahoo&cm_ven=YAHOO&yptr=yahoo