Stocks Bounce From Worst Sell-Off In 2 Years As Investors Buy Dip

U.S. equity futures moved modestly higher Tuesday, potentially lifting the S&P 500 from its lowest closing level since March of last year, as investors look to tame a three day sell-off on Wall Street that wiped away trillions in value from global stock portfolios.

With growth concerns intensifying amid China’s ongoing Covid crisis, and bets on a series of Federal Reserve rate hikes holding firm in the face of the fastest inflation in forty years, markets are caught in a vice of stagflation worries that is being compounded by a surge in market volatility, which has taken the the CBOE’s VIX index, also known as Wall Street’s ‘fear gauge’, to the highest levels since early March.

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