The "thrilling" August in the US stock market comes to an end, with the S&P 500 index experiencing the strongest upward volatility since June last year
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This month, the U.S. stock market has experienced significant volatility, with the S&P 500 index rebounding strongly, marking the most significant upward movement since June last year. Independent research firm CappThesis pointed out that the S&P 500 index recorded five single-day gains of over 1% in August, outperforming expectations. Recent economic data has alleviated investors' concerns about a weak labor market, boosting market sentiment. Despite experiencing setbacks, the index rose by 1.5% in August and has risen by 17.5% year-to-date in 2024
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