Wall Street’s three major indexes staged a late-session comeback on Monday as the Nasdaq managed to eke out a tiny gain and investors swooped in to hunt for bargains, while the S&P 500 and the Dow Jones Industrial Average finished well above their session lows. After falling almost 3 percent earlier in the day and as much as 10.37 percent below its intraday record level reached on Nov. 22, the technology-heavy Nasdaq pointed sharply higher to regain all its losses for the day in afternoon trading. While investors spent the morning fretting about rising bond yields and what this week’s inflation data might mean for U.S. Federal Reserve monetary policy tightening, others took advantage of earlier nerves to buy the dip. “We’ve gotten to the point where you wonder if the roller coaster has peaked and is heading straight down. But fundamentally there’s a lot of buyers in this market …
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