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Market News: Biogen, Vera Bradley, Ariad Pharmaceuticals

The stock markets in the United States rebounded today after experiencing sell-off over the past two days. September is historically the worst month for the S&P 500, which declined 3.8% during the previous two trading sessions, according to Bloomberg.

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Stephen Carl, a principal and head equity trader at Williams Capital Group commented, “China’s going to be closed the next few days, and that means there won’t be this negative lead-in to markets in the morning so that will be a nice reprieve.”

Carl also noted that investors will certainly continue to talk about the issue as to when the Federal Reserve would raise the interest rates. According to him, “With the recent volatility in the market situation overseas, people don’t have much conviction on when it will be.”

China’s currency devaluation ignited concerns regarding the global economic growth, which resulted to a stock market...