US stocks rebound, S&P 500 gains 0.7% after Wall Street's worst day since April; Deckers Outdoor leads with 14.2% surge.
US stocks rebounded from Wall Street's worst day since April, with the S&P 500 gaining 0.7% to 5,304.72. This marked a recovery of losses from the previous two days and extended the weekly winning streak to five. The Dow Jones and Nasdaq composite also experienced gains. The Australian sharemarket is expected to rise at the open by 47 points (0.6%). Deckers Outdoor led the S&P 500 with a 14.2% surge due to stronger-than-expected profits and revenue for the latest quarter.
May 26, 2024
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