Traders and financial professionals work on the floor of the New York Stock ... [+] Exchange. Meanwhile, the S&P 500 added 1.3% and the tech-heavy Nasdaq 1.1%, similarly paring losses from earlier this week. TangentIn the days since Evergrande’s debt woes triggered broad stock-market declines, fears have largely abated that the company’s collapse could cause systemic turmoil. Evergrande announced Thursday it wouldn’t miss an interest payment this week, but another $47.5 million payment is due next week, and the company still has about $305 billion in debt outstanding. Further ReadingNew Unemployment Claims Unexpectedly Rise Again As Fed Cautions Job Market Recovery 'May Take A Longer Time' (Forbes)Stocks Rally After Fed Sticks To $120 Billion Monthly Stimulus (Forbes)Dow Plunges 600 Points To Lowest Level In Two Months As Experts Fear Great Recession-Style Collapse With Evergrande (Forbes)

Source: Forbes September 23, 2021 15:11 UTC