Stocks Squeeze & The Bulls Have Control! | At The Close

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The stock market is showing signs of a potential squeeze, with the bulls in control at the close of the trading day. The major averages finished higher, with the Dow Jones Industrial Average up 0.6%, the S&P 500 gaining 0.9%, and the tech-heavy Nasdaq Composite rising 1%. Strength in tech and cyclical stocks was seen with Apple and Microsoft both up 2.6% while shares of Caterpillar and Boeing rallied 2.8% and 5.4% respectively.

The rally comes as investors remain optimistic about the economic outlook and increasing mobility as vaccine distribution continues to ramp up. Sentiment was also buoyed by strong earnings reports across sectors. This bullish sentiment helped battle against rising bond yields and inflation concerns.

Bargain hunters also stepped in to take advantage of stocks that were sold off in recent weeks. Analysts and investors will be closely watching the economic data and corporate earnings for signs of further strength for the markets in the coming weeks.

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