Market Watch

US markets rebounded last week but it could be a 'dead cat bounce'

Given Friday's strong showing on Wall Street, Asian markets could see a rebound this week. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Just as everyone was predicting a market capitulation, stocks rebounded last week.

The Dow Jones index rose 5.4 per cent for the week to 31,500 points, while the broader S&P index surged 6.5 per cent to 3,911.74. The Nasdaq had its best week this year as it spiked 7.5 per cent to 11.607.62.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.