Stocks Bounce Back on Wednesday, With More Than +1% Gains
Shrugging off Monday’s decline, stock markets climbed on Wednesday.
The Dow Jones Industrial Average (DJIA) increased +1%, while the S&P 500 gained + 1.2%. The Nasdaq Composite jumped +1.6%. Visa & Microsoft led DJIA's gains. Consumer Discretionary stocks were the leaders in the S&P 500's rise on Wednesday.
FAANGs also showed solid traction on Wednesday. Facebook, Amazon, Netflix and Alphabet shares all climbed more than 2%. Apple stock price inched up +1.9%.
Wednesday's rebound comes after the worst Christmas Eve plunge: the S&P 500 entered the bear territory on Monday. Monday’s sell-offs followed reports of Treasury Secretary Steven Mnuchin holding calls with major U.S. banks last weekend and issuing a statement saying, "The banks all confirmed ample liquidity is available for lending to consumer and business markets." While Mnuchin probably tried to assuage investor fears amidst rising volatility towards the year-end, his statement seemed to have triggered confusion or suspicion in markets leading to Monday’s steep declines.
But Wednesday’s market rise could potentially be signalling that the overall power of fundamentals of U.S. companies and the economy might not have worn off, yet.
On Tuesday, although President Donald Trump once again blamed the U.S. Federal Reserve of hiking interest rates too fast, he added that U.S. companies were "the greatest in the world" and presented a "tremendous" buying opportunity for investors.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
IYY in +1.32% Uptrend, advancing for three consecutive days on October 06, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where IYY advanced for three days, in 282 of 347 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 21, 2026. You may want to consider a long position or call options on IYY as a result. In 59 of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
The Moving Average Convergence Divergence (MACD) for IYY just turned positive on October 05, 2026. Looking at past instances where IYY's MACD turned positive, the stock continued to rise in 40 of 52 cases over the following month. The odds of a continued upward trend are 77%.
IYY moved above its 50-day moving average on October 01, 2026 date and that indicates a change from a downward trend to an upward trend.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IYY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 75%.
IYY broke above its upper Bollinger Band on October 06, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for IYY entered a downward trend on September 22, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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