Wall Street, Asian markets see dramatic rebound

Wall Street notches best day in 10 years in holiday rebound

The S&P 500 also soared 4.9 percent.

This therefore means that NASDAQ is down by more than 20 percent from the value of 29 of august when it had recorded its high. The best performers in the DJIA were Nike Inc that gained 7.21%, Apple inc that added 7.04% and Visa Inc, adding 6.98%. Consumer shares paced the rally, with Amazon jumping 9.5 per cent after reporting record holiday sales. Facebook and Netflix also climbed more than 8 percent. Another day of heavy losses would have marked the end of longest bull market for stocks in modern history - a run of almost 10 years.

USA stocks fell broadly on Thursday, giving back a chunk of the previous day's big rally, as fresh concerns arose about the us economy with a measure of consumer confidence dropping by the most in more than three years.

The uncertainty of investors toward the US stock market generally comes from two major factors: the ongoing trade war between the USA and China and the Federal Reserve's rising interest rate, none of which are on track to being resolved in the upcoming months. Meanwhile, the forward price-to-earnings multiple on the S&P 500 at 13 times was hovering near levels not seen since 2013.

Gainers outnumbered losers in the S&P 500 by 3 to 2. Britain's FTSE 100 fell 1.5 percent.

For the current fiscal year, the stocks are in negative.

Sentiment also improved after a Bloomberg News report said a US government delegation would travel to Beijing in early January to hold trade talks, the first face-to-face discussion since US President Donald Trump and Chinese President Xi Jinping agreed on a 90-day trade war truce.

Israel resumes airstrikes in Syria with attack outside Damascus
Regime media report air defence confronted "enemy targets" above the capital and downed most of the missiles before landing. Moscow on Wednesday said Israeli airstrikes threatened two airliners that were preparing to land in Damascus and Beirut.

Gold edged up 0.6 percent to $1,281.10 an ounce and silver gained 1.2 percent to $15.31 an ounce.

"The markets are in panic mode that the USA economy is tanking", Stephen Innes, head of Asia-Pacific trading for online broker Oanda, said in an email.

Trump has since tried to walk back his criticism of the Fed, telling reporters at the White House on Tuesday that while the Fed was "raising interest rates too fast" he still had confidence in the Fed. In his latest tweet, Trump likened the Fed to "a powerful golfer who can't score". Confidence is still strong, but the report indicates that the government shutdown, volatile stock market and trade jitters are affecting consumers.

In a recent op-ed, the Wall Street Journal's editorial board echoed Trump's worries, urging Fed policymakers to pay attention to market signals.

TECH RALLY: Technology stocks accounted for much of Monday's early bounce. The stock market's super day comes after retailers posted the best holiday shopping season in six years. That ratio is below both the 5-year average of 16.4 and the 10-year average of 14.6.

What do you think is the main cause of recent market turmoil?

. Mnuchin created worry last weekend when he phoned the chief executives of USA banks regarding the economy. Crude oil prices rose.

"There's a lot of uncertainty, and that's one of the biggest things that the market doesn't like", Andrew Sullivan, a Hong Kong-based market economist, told CNN. The federal government partially shut down on December 21 after Congress failed to pass spending legislation. "The real question is do we have follow-through for the rest of this week".

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