Market Looks To Regain Some Ground After Trump Statement On Huawei [Forbes]
IHS Markit Ltd. Common Shares (INFO)
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Source: Forbes
Market Looks To Regain Some Ground After Trump Statement On Huawei istock.com Welcome to the last day of trading in U.S. stocks before a long weekend. From early indications, it seems like the U.S. market is poised to regain at least some of the ground lost in heavy selling yesterday, and the bounce is coming after the S&P 500 Index held an important area of technical support. There’s a saying to never sell a dull market, so there may be some buying as volume thins out. But at the same time, investors may want to take some risk off the table by squaring up positions to try to not get burned by any trade news over the weekend. Of course we’ll have to wait and see exactly how the rest of the trading day plays out, but most of the trading could be front loaded into the morning. After noon today, with many having hit the road for vacation plans, market action may be as exciting as watching beige paint dry. For now, it looks like the SPX is bouncing off the key psychological support level
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