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Growth and Risk Are Flying. The Momentum Rally Is Back.

요약

Who said momentum finally stalled? The Nasdaq was rallying 0.9% shortly after 2 p.m. ET while the S&P 500 was up 0.6%. The Dow was down 13 points, or pretty much flat. All three marked closing highs on Wednesday, but the S&P and Nasdaq were weighed down by a bit of a momentum reversal, where Wall Street sold recent winners and bought laggards.