Early Market Surge Fades
Stocks quickly surged to their highs within the first 30 minutes of trading today. If you're a stock-market bull, Wednesday's opening would have been a delight. However, the rest of the day painted a different picture. By 10 a.m., the Standard & Poor's 500 Index (S&P 500) was up 1.7%, the Nasdaq Composite jumped 2%, and the Dow Jones Industrial Average gained 1.2%. But these gains steadily evaporated.
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