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Public aid sparks stock market rise misconceptions
AP Business Analyst John Caniff explains how the public's role depends on definition, noting institutions drive big trades while individuals show activity in odd lots. He cites last Thursday's NYSE odd lot purchases of 295,982 shares and sales over 570,000, and cites Sindlinger data on shrinking stockholder households and rising retirements and unemployment as factors. Daylight saving time began nationwide on March 31, 1918.
MENTIONED IN THIS ARTICLE
John Caniff
AP Business Analyst
New York
New York Stock Exchange