October 4-8, 2021 Recap
Stocks Down Third Week in Four
Despite a Friday bounce back above its 100-day moving average, the S&P 500 posted its largest weekly loss in seven months. The week-ending support restoration was a major, albeit tentative, relief for investors as the moving average has reliably kept selloffs at bay for a decade. Friday’s bargain-buying action follows the biggest monthly loss since March 2020, although the benchmark index eked out a fractional gain for the quarter.
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