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Unbroken Buyers Push S&P 500 to Fourth Straight Late-Day Bounce

  • Weiss at American Century calls it ‘the old dead-cat bounce’
  • Lasting pattern like this might make bears pause: Cappelleri

Shut out for seven straight weeks, S&P 500 bulls refuse to leave the field.

Their persistence can be seen in intraday price charts over the last four days, which show the benchmark closed above the midpoint of its range each time. That’s the longest streak in two months.