Intra-Day Turnaround: Jingyi Pan and End Day

intra-day turnaround: The Nasdaq Composite closed up 1.1% for its biggest intra-day turnaround since April 2018, according to Market Watch. As recent economic data has raised fears of recession, investors apparently were betting on another interest-rate cut by the Fed later this month. The major U.S. indexes were down around 1% at one point early Thursday, but pulled out of their respective dives to end the day in positive territory. The will be closely watching Friday's Labor Department jobs report for September. Increased hopes for further interest rate cuts by the Fed look to help stabilize markets into the end of the week, Jingyi Pan of IG said in a report. Economists polled by Market Watch predict the U.S. added 147,000 new jobs last month. (news.financializer.com). As reported in the news.