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SPY Opens with a Bearish Gap Lower

Written By: ChartChamp

April 25, 2024

SPY had a bearish daily candle open today after a strong selloff from META. Although META had a double beat for the earnings announcement, investors started selling off when META set low guidance for next quarter. Today there is even more bearish news with Q1 GDP and Core PCE Inflation data coming in worse than expected. Some important companies are reporting earnings today, and it will be important to see if they can help the markets rebound again.

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