Financial headlines can mislead. Reasons they give why markets go up or down are often pure fiction. There may be many causes of stock market moves but the financial headline writers manage to have set answers.
It is almost impossible to know after a trading day’s closing, the moods and sentiments that drove that day’s market, nor the supply and demand of securities over the global markets that would have had an impact.
Short of a major calamity or importantly market-impacting event, the media does not know. But is ready with answers, as if a market crystal ball has somehow telegraphed some secrets to them. (See the Earl J Weinreb NewsHole® comments.)
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