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Analysis-Buy the bounce? Investors watch valuations, technical levels to decide

Published by
Reuters

By David Randall NEW YORK (Reuters) – As stocks attempt to climb back from a brutal sell-off, investors are watching a variety of metrics to decide whether to buy the rally or brace for more declines. The tech-heavy Nasdaq Composite Index closed up 1.4% on Tuesday, a day after falling more than 10% from its Nov. 19 record close during intraday trading before rallying at the end of the session. Yields on the benchmark 10-year U.S. Treasury have risen by 20 basis points this month in anticipation of a more hawkish Federal Reserve and stand near their highest level since January 2020. Growth and …

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