Daily Poll: Boom! Here comes a plot twist from the market.
The stock market sees a big recovery rally on Tuesday, with the major indexes recouping some losses after three consecutive sessions of declines.
$S&P 500 Index (.SPX.US)$ also fared well, notching a gain of 1.8%. It managed to close above the key 50-day moving average.
$Dow Jones Industrial Average (.DJI.US)$ lagged the other major indexes, but still managed to close up more than 550 points as it rose 1.6%.
Indeed it's good news for most of the investors. But why was the market keep running up and down in recent days?
Is there any important news that is responsible for the upward trend?
Or the most significant threat has been eliminated?
Is there any important news that is responsible for the upward trend?
Or the most significant threat has been eliminated?
Would you comment and tell mooers about your thoughts？
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Mike Hunt : Window dressing is a factor creating demand for stocks that performed well this quarter and creating selling pressure for those that didn’t. On the supply side, selling a stock in what’s left of 2021 means owing capital gains taxes in 4 months. Waiting just another week and a half to sell means those taxes aren’t due for 16 months.
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