Over the past few months, major swings in U.S. stocks have become the norm. Both December 26 and January 4 saw major markets gain more than 3% while December 21 and January 3 both saw markets drop by 3%.
Friday’s move was caused by a better-than-expected jobs report and sympathetic comments from Federal Reserve Chairman Jerome Powell.
Also of note, the S&P has now traded in an intraday range exceeding 2 percent on 15 of the last 21 days, the most since 2011.
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