Dow Jones Rebounds After 2-Day, 1,000-Point Plunge; These 2 Sectors Aim At Comeback

Author: NANCY GONDO / Source: Investor’s Business Daily

The Dow Jones industrial average set on a new course of recovery in stocks today, rising around 0.9% in afternoon trade and taking back a small chunk of its 1,000-point pounding in the prior two days of trading.

Volume is running slightly higher on the NYSE vs.

the same time Monday, another promising sign. Meanwhile, a sprinkling of leadership-quality stocks in the restaurant, retail and semiconductor sectors are trying to bottom out and help lead the next tradable market uptrend. They include Darden Restaurants (DRI), Chipotle Mexican Grill (CMG), Broadcom (AVGO), Big Cap 20 name Xilinx (XLNX) and Intel (INTC).

But as The Big Picture column noted Monday, now is not the time to actively hunt for top growth stocks. A future upgrade in the market outlook will boost patient growth investors’ chances of making money in new buys.

The Nasdaq composite thrust a little faster into positive ground, rising 1% in afternoon trading. The Nasdaq 100-tracking Invesco QQQ Trust ETF (QQQ) lifted nearly 1.3%.

The Dow Jones Outperforms This Large Cap Index

The S&P 500 rose less than 0.6% as the ongoing bloodletting in crude oil futures (down more than 4.8% to $47.46 a barrel) depressed virtually all stocks in the energy sector.

Naturally, industry groups that get hurt by high fuel costs —…

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