S&P 500 index gained 1.4% on Monday, as it retraced some more of its recent sell-off, following Friday's upward reversal. The broad stock market traded the lowest since early October on Friday, before bouncing off and closing higher. Is this two-week-long sell-off the beginning of a new medium-term downtrend or just downward correction? It's hard to say, but this move down set the negative tone for weeks or months to come.
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