Dow pops almost 1,300 factors as S&P 500, Nasdaq surge on hopes for Trump tariff offers

The S&P 500 fell over 10% final Thursday and Friday, one of many worst two-day sell-offs we have seen in market historical past.

In response, US traders did what they’ve come to do greatest — purchase the dip.

Knowledge from Financial institution of America revealed Tuesday confirmed the agency’s purchasers had been web consumers of $8 billion value of inventory final week, the fourth-largest weekly influx in its knowledge going again to 2008.

The agency famous that each one three of its shopper teams — establishments, hedge funds, and personal purchasers — had been consumers final week. Notably, its personal shopper group (learn: people) has been a purchaser of shares for 17 straight weeks.

This knowledge is only one learn from one agency on the place cash is flowing however is not prone to be an outlier regardless of how one goes about chopping the information. The best reply to questions on what traders have been doing in the course of the tariff market crash, it appears, is “shopping for shares.”

The market motion Monday, wherein a headline later proved to be not fairly totally true despatched shares surging in a matter of seconds, suggests how keen traders appear to purchase the dip and see the market get well from the tariff-induced plunge.

Preliminary knowledge on how traders are placing cash to work throughout this slide confirms that.