Stocks are rebounding today as money continues trickling into the market.
S&P 500 futures are up by about one-quarter of a percent, while Europe is little-changed after fighting back from earlier losses. Asian bourses were mostly lower, led by a 2 percent drop in Tokyo, following yesterday’s decline in U.S. equities.
The S&P 500 climbed steadily for four months and is now within about 2 percentage points of its previous all-time highs from 2007. The rally has been marked by extremely low volatility as money flows into the market after years of nervousness. It’s also been aided by favorable economic news and strong earnings.
— Option Monster