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Despite the mixed basic financial performance, MSFT shares rallied as much as 5.3 percent higher from Tuesday’s official close – bringing the market close to the 200-day SMA at 256
Stocks have continued to ramp and the Nasdaq has jumped by as much as 17.41% from the lows two weeks ago.
Stocks have posted a stunning rally after the Fed hiked rates last week and today brings the first legitimate pullback in that move. But just how bullish will buyers remain to be?