Stock Market Dip Buyers Are Back. So Are the Witches.
The banal marketplace continued to alert up and to the close connected Friday, defying gravity successful a mode we haven’t seen successful immoderate time. While dip buying was the fashionable move, support successful caput it’s besides a triple witching day.
The Dow was up 800 points, oregon 1.9%, soon aft noon ET. The S&P 500 was up 1.8%. The Nasdaq Composite was 1.8%. All but 9 S&P 500 stocks were connected the rise, arsenic Wall Street flocked to stocks crossed the board.
A operation of beardown user sentiment and cooler-than-expected PCE ostentation information seemed to springiness traders an excuse to bargain stocks up with 2 holiday-shortened weeks looming.