U.S. Market Review

Stocks markets rallied today after regaining ground from massive drops as forecasts for the Federal Reserve to further ease monetary policy assuaged concerns over the U.S. economy.

The S&P-500 gained 1% earlier in the day. The Dow Jones Industrial Average surged 9 points after a 335.16-point plunge.

The Nasdaq Composite soared 0.4% higher after losing as much as 1.1%.

The Fed will meet at the end of the month. Last month, the central bank reduced rates for the second time in 2019. U.S. services sector activity declined to a three-year bottom this month amid higher issues about tariffs.

The official number of Americans filing for unemployment benefits partly advanced last month and layoffs fell to a five-month low in September.

The Institute for Supply Management (ISM) reported that its non-manufacturing activity index sunk to a reading of 52.6 in September, which is the bottom mark since August 2016, from 56.4 in August.

Lower data than predicted U.S. economic data weighed on global financial markets Thursday, adding to the falling mode has pushed world equity benchmarks back to lows last witnessed in August.