and the S&P 500 Index ( SPX ) rebounded from their respective weekly lows to complete final week on the constructive facet. The rally was pushed largely by expectations that the White Home and congressional Republicans would attain a deal on the debt ceiling.
Though the short-term image appears to be like promising, merchants shouldn’t be discouraged. Many occasions the worth rises because of rumors and falls because of information. It stays to be seen whether or not the bulls will construct on final week’s power or give again among the positive factors after the deal reaches Congress.
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