Skip to content
Subscriber Only

No Limit Down for Stocks, No Shut-Off, and the Christmas Line Holds

  • S&P 500 rises 0.5% for the smallest move since February
  • Index had notched eight straight days with moves of 4%
Video player cover image
What Are Circuit Breakers and Do They Work?
Updated on

It was an unusual day on Wall Street Thursday. Futures on the S&P 500 avoided triggering any volatility halts, the whole market didn’t need to be shut off at any point, and a 15-month-old support line on price charts buttressed the bulls.

“A moment of relative calm,” said Gary Bradshaw, a portfolio manager at Hodges Capital Management. “Things just can’t keep on falling 8% a day.”