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Covid-19: Investors bullish on US stocks, but doubt looms despite rally

After a slump into bear market territory, the Dow Jones Industrial Average surged over 20% from its recent low last week, which by one definition suggested a new bull market

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Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may be supporting stocks

Reuters New York
After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict.

High-profile investors from BlackRock Inc to billionaire William Ackman have turned more bullish on equities in recent days, as unprecedented stimulus from the Federal Reserve, a $2.2 trillion stimulus bill signed Friday, and a call by President Donald Trump to get the United States back to work in weeks rather than months sparked the biggest weekly rally in the Dow Jones Industrial Average since 1938.

But other investors, economists,

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First Published: Mar 30 2020 | 9:31 AM IST

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