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This week, the stock market experienced a rollercoaster ride with a turbulent Monday and a triumphant Thursday.
Market fluctuations are a natural part of the financial cycle, and long-term investments typically bounce back from downturns, according to a financial expert.
The recent market dip was fueled by heightened speculation about a potential recession, causing concerns about the impact on retirement accounts heavily invested in stocks like 401(k)s.
However, the market rebounded significantly by Thursday, with the S&P 500 and Dow Jones posting their best performances in a while, and the Nasdaq closing nearly 3% higher.
For those worried about the implications of such drastic market swings on their investments, financial planner Gideon Drucker reassures that temporary declines are to be expected and are part of the norm.
2024-08-09 22:07:19
Originally published on finance.yahoo.com