Stock Market Turnaround
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How the stock market's big turnaround on Monday put the S&P 500 back in record territory
MarketWatch· 2026-02-02 21:41
Core Viewpoint - The U.S. stock market experienced a significant rebound at the start of February, with the S&P 500 index nearing a record high, indicating a recovery from previous weakness and a positive investor sentiment [1] Group 1: Market Performance - The S&P 500 index closed at 6,976.44, gaining 0.5% on Monday and just below its record close [1] - The Dow Jones Industrial Average rose by 1.1%, while the Nasdaq Composite Index increased by 0.6% [1] - The market recovery followed a three-session losing streak, suggesting a shift in investor confidence [1] Group 2: Investor Behavior - Investors capitalized on the recent dip in stock prices, indicating a willingness to buy into the market despite prior volatility [1] - The easing of extreme tumult in the metals market contributed to the positive market sentiment [1]