S&P 500 Turns Positive, Less Than 30 Points From 7,000
According to the update, the S&P 500 erased losses and is within 30 points of 7,000 for the first time; it also says assets are broadly rising.
Summary
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Terms & Concepts
- S&P 500: A benchmark U.S. stock index tracking 500 large publicly traded companies.
- Dip buying: Purchasing assets after a decline with the expectation of a rebound.
- Turns green: Market phrase indicating prices have moved into positive territory for the day.