Wall Street Stocks Rebound Amid Economic Concerns

Following significant market turmoil, Wall Street stocks rebounded on Tuesday and Wednesday, bolstered by bargain hunting and reassurances from the Bank of Japan on maintaining ultra-loose monetary policies. The Dow Jones Industrial Average rose 0.8% to 38,997.66, while the S&P 500 and Nasdaq Composite gained approximately 1% each. Despite this recovery, market sentiment remains cautious, with the Cboe Volatility Index, Wall Street's 'fear gauge', still elevated. Investors remain wary of potential U.S. recession risks and global economic slowdowns, exacerbated by recent weak economic data and volatility in the tech sector. Oil prices also saw a rise, with West Texas Intermediate crude futures inching up 2% to $74.64 a barrel.