U.S. equity markets closed the week Friday with significant losses as traders ditched growth stocks in favor of value stocks and Treasury bonds.
What Selloff? A round of dovish minutes from the Federal Reserve set off a rally on Wall Street, helping to reverse a recent slide in U.S. equities.
Turnaround Tuesday: The Nasdaq jumped on Tuesday, putting an end to a steep, three-day selloff. Still, some analysts warned that it may be too earlier to tell where the index is headed.
Cyclical Swoon: U.S. equity markets took a hit for the third-straight session as traders ditched risky assets in favor of safe havens like utilities, consumer staples and Treasury bonds.
Dot Com Dive: The Nasdaq Composite plummeted 2.5% Friday as tech stocks nose dived. Broader markets also sustained heavy losses, although the S&P 500 closed the week with gains.