Nasdaq and S&P 500 Rebound From Early Slides

It's easy to get whiplash following the stock market this year.

The Nasdaq Composite and S&P 500 are staging a late-day comeback after falling sharply to start the session. Days like these in the stock market are rare, but have become a feature of markets in 2022.

The Nasdaq was down 3.5% at its low this morning but is now trading higher. In the past 15 years, there have been eight trading days where the index was down at least 3% intraday but ended the day higher. One of those sessions occurred in January, when the index fell almost 5% and closed up in a stunning reversal.

Meanwhile, the S&P 500 was down 2.6% at its low early Thursday and is now up roughly 0.3%. Though it staged a similar rebound in January, such sessions are unusual and have occurred only 15 times over the past 15 years, according to Dow Jones Market Data.

The big intraday reversals can be challenging for traders to navigate. For much of the past year, many individual and institutional investors looked to ride the momentum in certain stocks and indexes higher and higher. The large swings within just hours can make that more difficult.