The stock market started Tuesday’s session on concerns about future economic growth. By the end of the day, these fears gave way to a sense of relief about a possible reduction in inflation. It should be borne in mind, however, that even if a decline in inflation occurs, it will be caused by the expectation of a marked slowdown in global growth. However, at the close of the session, the indices looked much better than after the open.

At their morning lows, the Dow, Nasdaq, and S&P 500 were down 2.4%, 1.9%, and 2.2%, respectively. The Nasdaq ended up gaining 1.8% as large-cap stocks surged. The S&P 500 advanced 0.2% while the Dow Jones closed down 0.4%. The sectors of durable goods, communication services and information technologies looked better than others. The cyclical and defensive sectors mostly sank.