Reported about 7 hours ago
Retail traders made a significant impact on the market by purchasing a net $4.1 billion in US stocks, a record for that time of day, following a credit downgrade from Moody's. This buying frenzy helped the S&P 500 recover from an initial drop of nearly 1%, as retail investors demonstrated resilience and confidence by implementing a 'buy the dip' strategy. The event reveals a potential shift in market dynamics, where retail investment plays an increasingly vital role in market recovery, suggesting strategic opportunities for individual investors amid market volatility.
Source: YAHOO