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Last Update: 21-May-12 17:00 ET
Quiet Tone Follows Closing Bell
There were few catalysts for trade today, but the S&P 500 climbed 1.6% for its strongest performance in two months, snapping a six-session losing streak.
The move follows last week's slide, which was not only the worst since November, but one that left the broad market at its lowest level since January. Naturally, then, many market watchers are wondering if today's big bounce is simply owed to short covering, a bout of bargain hunting, or a combination thereof, especially amid a dearth of headlines.
News flow remains slow after the close. That has kept stock futures almost perfectly flat, resulting in a neutral tone to after-hours trade.
