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With a several exceptions, 4,200 on the S&P 500 has established to be a practically impenetrable barrier for U.S. stocks more than the previous year.
Seemingly like clockwork, the big-cap U.S. equity benchmark on Tuesday was retreating from that degree when again as stocks experienced a steep everyday fall. The S&P 500 SPX was down all around 48 points, or 1.2%, around 4,120 in late afternoon trade, right after hitting an intraday substantial about 4,186 on Monday.
Before,…
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