Last week's harrowing plunge in U.S. stocks — fueled by economic fears about China and plummeting oil prices — left investors anxious and alarmed. Some wondered if it signaled an approaching recession in the United States.
The answer, most analysts say, is no.
The American economy is expected to prove resilient and nimble enough to avoid serious damage, at least anytime soon. For all the economy's challenges, the job market is strong, home sales are solid and cheaper gasoline has allowed consumers to spend more on cars, restaurants and online shopping.
The companies that make up major stock indexes are far more vulnerable than the economy itself is to...