NEW YORK – Investors might be worried about the soundness of the market’s rally but they’re also worried about missing it.
Stocks reversed steep losses in the final hour of trading Monday to end little changed. The Dow Jones Industrial average recovered from a 130-point slide to end up a little more than a point.
The market spent much of the day falling along with commodities prices, but then regained ground as commodities came off their lows. A retreat in metals prices pressured the stocks of companies including aluminum maker Alcoa Inc. and Freeport-McMoRan Copper & Gold Inc. Commodities tend to rise along with investors’ belief in an economic recovery, and fall when pessimism sets in.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.