Wall Street regains some ground with help from easing virus fears

King Lip, CFA, CMT

Chief Strategist & Partner

“People are less worried about the variant,” said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco.

Lip also cited a boost from news that China’s central bank would cut the amount of cash that banks must hold in reserve, potentially boosting overseas companies that sell products in China as well as China’s economy.

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Reuters RPT - US Stocks, December 6, 2021: Wall Street regains some ground with help from easing virus fears

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