After jolt, investors still see stocks as long-term bet amid Covid-19 risks

An interruption to a searing rally gave a jolt to equity investors who had been getting used to weeks of steadily rising US stocks. But for the long term, even with the rocketing valuations that equities have commanded and the risk of another fall, investors say stocks would still be a winning bet.

Underpinning that confidence is the force of unprecedented moves by the Federal Reserve to support the financial system and buy assets, which had propelled some stock indexes to fresh highs. "If you're a longer-term investor, you.

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