Stocks Pause after Strong Rebound

Stocks are pausing this morning after a strong rally yesterday.

S&P 500 futures are little-changed, tracking similarly small moves in Europe. Asian markets were mixed in the overnight session. Foreign-exchange trading remains positive, with the Japanese yen continuing to weaken while the euro climbs.

The S&P 500 climbed 0.8 percent yesterday, advancing steadily throughout the session after bouncing at its 10-day moving average. Small caps and transports rose even more, which could indicate that bullish sentiment is increasing.

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