Shaken Wall Street awaits final capitulation to greenlight buying

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterSept 14 (Reuters) – Even as investors crowded the exits on Tuesday, Wall Street’s steepest one-day shake out since early in the pandemic in June 2020 carried few of the hallmarks of capitulation that analysts want to see before calling a bottom.While the S&P 500’s (.SPX) 4.3% slump on Tuesday extended fractionally in early trade Wednesday, it held about half a percent above the 3,900 technical area that looks pivotal to buffering …
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