Dow Jones Recovers 900-Point Tuesday Fall in Two Sessions Amid TACO Trade
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CNBC TV18•23-01-2026, 04:50
Dow Jones Recovers 900-Point Tuesday Fall in Two Sessions Amid TACO Trade
- •Wall Street benchmark indices extended gains for a second straight session, with Dow Jones recovering its entire 900-point fall from Tuesday.
- •The S&P 500 and Nasdaq also ended higher, nearing recovery of their Tuesday losses, as small-cap stocks outperformed.
- •Weak US Dollar boosted haven assets; Gold tested $4,950/ounce, Silver touched $96/ounce, while crude oil prices fell.
- •Intel shares dropped 12% despite an earnings beat, due to disappointing guidance and supply issues.
- •US Q3 GDP grew 4.4% (fastest in two years), jobless claims fell, and PCE data aligned with estimates, but savings rate hit a 2022 low.
Why It Matters: Dow Jones fully recovered its Tuesday losses in two sessions, driven by market optimism and strong economic data.
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