How Wall Street's postelection rally got obliterated — and what's next
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U.S. stocks have erased their entire postelection rally, with the S&P 500 falling back below its Nov. 5 close as the gains that followed Donald Trump’s victory were wiped out. The reversal reflects mounting investor concerns over tariffs, slower economic data and the durability of the market’s momentum trade. The S&P 500’s slide back to preelection levels underscores how quickly sentiment has shifted since the initial rally. Investors are now watching upcoming economic reports and corporate earnings for signs of whether the pullback will deepen.
Muhabbit's AI wrote this summary in its own words from CNBC's report. It can get details wrong, so check the source.
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Wall Street, Investing Club