Comfortable With Their Positioning.
Stocks edged ever so slightly higher in a rather uninspiring, holiday-shortened week that brought a spectacular, record-filled first quarter to an end, but the weekly gain was almost entirely due to a solid performance on Wednesday. This was the fifth quarter out of the last six that both the S&P 500 and the NASDAQ-100 have advanced. Bizarrely, the week's biggest and most important economic data point was released while stock markets were closed on Friday.
In the absence on Monday of any major economic updates or significant earnings reports, stock-specific concerns rippled through markets…
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