{"id":53153,"date":"2022-10-05T16:22:57","date_gmt":"2022-10-05T23:22:57","guid":{"rendered":"https:\/\/lapost.us\/?p=53153"},"modified":"2022-10-05T16:22:57","modified_gmt":"2022-10-05T23:22:57","slug":"heres-the-reason-behind-this-weeks-stock-turnaround","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=53153","title":{"rendered":"Here\u2019s the reason behind this week\u2019s stock turnaround"},"content":{"rendered":"<p>Stock markets tried their best Wednesday to maintain a two-day rally that saw some of the biggest single-day gains since April 2020, when markets initially rebounded from shutdowns in the early days of the coronavirus pandemic.<\/p>\n<p>&nbsp;<\/p>\n<p>The Dow Jones Industrial Average closed down 41 points at 30,274 Wednesday, after dipping more than 400 points in the morning trading session. The S&amp;P 500 stayed\u00a0about level, dipping 0.2 percent after rising 5.6 percent on Monday and Tuesday.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>The rally earlier this week, which saw the Dow rise more than 1,500 points, was due in large part to a report from the Labor Department\u00a0that high levels of employment within the U.S. economy may be declining \u2014 a sign that the Federal Reserve could potentially\u00a0discontinue hiking interest rates\u00a0to battle record inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock markets tried their best Wednesday&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-53153","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/53153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53153"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/53153\/revisions"}],"predecessor-version":[{"id":53154,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/53153\/revisions\/53154"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}