Market participants have started buying shares almost exactly with the so-called Halloween. This once again makes us think about the so-called Halloween effect. Pictured: A scene from this year’s Halloween parade in New York.Photo: Jorge Estrellado, Scanpix
Stocks seem to have been waiting for Halloween to wake up from the dead and kick off a mighty year-end bullish party
The share price in the world’s largest markets has recently gained significantly. US publicly listed companies Standard & Poor’s 500 the value of the stock index has risen by more than 9% almost exactly since the end of October. It means that S&P 500 the index has once again managed to rise by a very generous 17% since the beginning of this year. The big seven have been doing well lately – Apple, Microsoft, Alphabet, Amazon.com, Nvidia, Tesla and Meta Platforms – for shares. The direction of the shares of these companies nowadays also tends to dictate which way the entire US stock market (in fact, the entire world market) is headed.
2023-11-16 07:51:00
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