Market Rally Has Bullish Session; Li Auto, Oracle, MercadoLibre In Focus
Aug 29, 2023
17:24
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The major indexes rallied above their 50-day moving averages in higher volume as Treasury yields and Fed rate-hike odds fell on weak jobs data. EV startup Li Auto blasted above its 21-day line, helped by some China optimism. Oracle is right around early entries while e-commerce giant MercadoLibre made a bullish bounce.
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