A wave of dip buying led to a stock rebound after a $6.5 trillion selloff. The S&P 500 rose by 1%, with all major sectors gaining as buyers capitalized on the “oversold” market.

Historically, such slumps have been followed by a 6% median return over three months. The VIX saw its biggest drop since 2010.

Treasuries fell as haven asset demand decreased, and expectations for Federal Reserve rate cuts were moderated.

Despite concerns of a recession, experts predict slower growth instead. Nvidia Corp. led gains, and the S&P 500 reached 5,240, Yahoo Finance has reported.

Bitcoin and oil also rose, while the yen slipped. Market calm returned after a pullback driven by weak economic data and poor tech results.

Written by B.C. Begley