Here's Why the Stock Market Rallied Today
Posted on Thursday, April 28, 2022 at 5:02 PM
Dan Passarelli, CEO - Market Taker Mentoring
We've had a lot of volatility lately. Earlier this week we had some huge down days. And today the stock market trading was up 2.5%. There are a few key reasons for all this active trading. Let's talk about it. Here's why the stock market rallied today.
First it has a lot to do with earnings season trading. At this point about half of the S&P500 companies have announced earnings. 3 out of 4 of them did better than expected. So there's a chance market trading could lean to the upside going forward.
Dan Passarelli also cites meme stock action as yet another opportunity for traders outside of just trading earnings.
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