S&P 500 up 2%
It's another day that's supposed to be quiet but has turned into a wild ride in equity markets. The S&P 500 is currently trading up 2.0% in a 47 point rise to 2398. The Nasdaq is up 2.7%.
It's a relatively small bounce after a massive fall but it could signal that the forced selling on redemptions and year-end could be done. Or simply that all the selling was over-done.
In turn, the US dollar is a half-cent higher against the safe haven Swiss franc and Japanese yen.
Source: https://www.forexlive.com/news/!/us-sto ... r-20181226
