NOTE: Please click on the charts below to enlarge them if they do not appear clearly.A surprise announcement of a major Fed liquidity injection in the pre-market sparked a bounce that led the major indices to their biggest percentage gains in five years. The main stock market indexes opened approximately 2% higher, made traders nervous by retracing half of their opening gains in the morning, then rocketed to new intraday highs late in the afternoon. Small caps led the way, as the Russell 2000 surged 4.6%. The Nasdaq Composite trailed closely be[...]
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[Source: The Money Blogs]
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