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Reader:U.S. Stocks Surge After Recent Selloff Dow Industrials Cap Volatile Week With 263-Point Jump
Posted By: RumorMail Date: Sunday, 19-Oct-2014 03:17:19
www.rumormill.news/2094
In Response To: Are International Stocks Safer than U.S. Equities? (SARTRE)
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U.S. stocks capped their wildest week in three years on a high note Friday, with the Dow Jones Industrial Average posting its second-largest gain of 2014.
Trading was brisk, continuing a trend seen throughout the week, as traders said a broad range of clients stepped in to buy large-company stocks and pare back bets intended to protect against market declines, such as earlier purchases of U.S. Treasury bonds. Some traders said the gains show the buy-the-dip mentality that has propelled stocks since their 2009 low remains in place.
Even so, the recent surge of volatility has changed many investors’ mind-set following a long period of placid trading and multiple records on the major indexes.
“It’s been a crazy week,” said Doug Crofton, head of U.S. cash equity trading at Bank of America Merrill Lynch. “It’s hard to say with any conviction that this move is going to last.”
http://online.wsj.com/articles/u-s-stock-futures-rally-amid-upbeat-earnings-reports-1413548278
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RMN is an RA production.
Articles In This Thread
- Are International Stocks Safer than U.S. Equities?
SARTRE -- Wednesday, 15-Oct-2014 07:41:15
- US stock market has dropped another 200 pts this morning. Is this the start of the crash that everyone's been expecting?
NaturalWisdom -- Wednesday, 15-Oct-2014 12:08:21
- Reader:U.S. Stocks Surge After Recent Selloff Dow Industrials Cap Volatile Week With 263-Point Jump
RumorMail -- Sunday, 19-Oct-2014 03:17:19
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