Stock market's snapback makes a Santa rally more likely, traders say

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The stock market's snapback makes a Santa rally to end the year more likely, traders say

Stocks sold off sharply in early trading on news about more lockdowns in the U.K. because of a mutation of the virus there. Some analysts said the rebalancing of the S&P 500 on Friday afternoon, to include

for Monday trading was also a factor, since index investors had to sell other S&P stocks to make room for the electric car maker.

 

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