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META - Buy The Sell-Off Into The FOMC Meeting Stay With Tech
Meta Platforms Inc
2024-04-29 00:39:43 ET
Summary
The S&P 500 experienced a mini-correction after 279 days without a 2% pullback but rallied recently due to strong earnings reports.
Market participants sold stocks due to three consecutive months of high inflation, but GDP components showed strong consumer spending and business investment.
The upcoming FOMC Meeting and Powell's announcement may cause uncertainty, causing a sell-off, but earnings reports and a strong economy suggest a relief rally.
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