NEW YORK :
- As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end.
- The S&P 500 is down about 13 percent from its record high in May, as oil remains mired below US$30 a barrel, while concerns about stability among banks and uncertainty about the U.S. Federal Reserve’s path of rate hikes have pushed investors away from risk assets.
- But recent trading action on an intraday basis suggests investors may be starting to warm up to stocks again. In three of the last four losing sessions, late-day buying took over in a pattern that had begun to emerge at the end of January.