Investors got a little fear back on Wednesday, although the major market indexes ended the day well off their lows. Bond yields also moved higher, reversing course and reminding investors that the bear market hasn't proven itself to be over just yet. Energy stocks got a boost on Wednesday as oil prices moved higher by about $1.50 per barrel to finish above the $88 mark.
In addition, OPEC agreed to a deeper-than-expected production cut, pushing up crude prices. Exxon provided investors with an initial look at its upcoming third-quarter report. The oil giant said it could earn $11 billion in the period before any asset impairments.
Tracey and Kevin discuss the rocky 2022 stock market and the future of growth stocks.