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Stocks Take a Break After August's Epic Round-Trip: Markets Wrap.

Authors :
Nazareth, Rita
Source :
Bloomberg.com; 8/20/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Stocks struggled to make progress after a recent rally that brought the market close to its all-time highs. The S&P 500's winning streak was interrupted by a drop in equities, but it had previously gained almost 8% in just eight days. Citigroup Inc. strategists noted that nearly $16 billion in new long bets have been added to S&P 500 futures, driving positioning to extended levels. While some experts believe a breather for the equity market would be healthy, others anticipate ongoing stock-market strength. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179103223