$35 Billion Crypto SPAC Deals Remain 'Incomplete'
Since the beginning of the year, U.S. Stocks have been progressive rise. The market did witness a couple of hiccups, but no major corrections took place. The “sell in May and go away” phenomenon, for instance, did not essentially impact the Nasdaq . This index appreciated by nearly 7% during the same period. Contrarily, the S&P 500 did feel a pinch. However, it managed to cap its losses and mostly traded horizontally during the said period. On the YTD frame, the former is 32%, while the latter has inclined by 16%. Nevertheless, when compared to its mid-October low registered last year, the S&P 500 has risen by more than 20%, [24.6% precisely], successfully checking the technical definition of a bull market. Nasdaq Composite, S&P 500 Indices by TradingView Also Read: Spot Bitcoin ETF Approval by SEC ‘Fairly High’: Bernstein Crypto’s ‘Wall Street’ Quest Well, even though the stock market has been faring well under bul...
