5 of the Safest Stocks Billionaire Money Managers Bought Ahead of Wall Street's Historic Volatility
Some of Wall Street's most-prominent asset managers were scooping up shares of time-tested businesses before the stock market meltdown.
For more than a century, the stock market has been the premier wealth creator for investors. But this doesn't mean stocks move higher in a straight line.
Over the last seven trading sessions, investors have witnessed historic levels of volatility in the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC).
For example, the 90-day pause on higher reciprocal tariffs for most countries, which was announced by President Donald Trump on April 9, led the Dow, S&P 500, and Nasdaq to their largest single-session point increases in their respective histories. Meanwhile, the Nasdaq endured three of its five biggest single-day point declines from April 3 to April 10, with the S&P 500 navigating three of its six-largest single-session point drops during this same span.
