A dramatic rebound from a selloff earlier in the day saw Wall Street end up more than 2% higher on Thursday
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar
"It's technical factors," Lip said, adding that the recent steep selloff in stocks may mean "bad news may have already been discounted.Big Wall Street banks kick off third-quarter reporting season on Friday, with investors awaiting to see how a high interest-rate environment affects their profits.
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