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S&P 500 recovers losses in volatile trading as investors cheer the economy reopening


Wednesday, 27 May 2020 23:59 WIB

Saham AS


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The S&P 500 rose slightly in volatile trading Wednesday as traders grappled with the economy reopening and a big drop in tech shares.

The broader-market index was up 0.3% after briefly trading lower earlier in the session. That recovery put the S&P 500 back on track to close above its 200-day moving average — a key level watched by traders — and over the 3,000 mark for the first time since March.

The Dow Jones Industrial Average traded higher by 281 points, or 1.1%, but was well off its session high. The Nasdaq Composite dropped 0.8% as Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all slid at least 0.3%. 

Source: CNBC


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