2023's Wild Ride: Short Sellers Take A $195 Billion Hit In US And Canadian Markets

The U.S. stock market rallied in 2023 despite the Federal Reserve's aggressive stance and concerns regarding an impending recession and growing geopolitical tensions. The tech-focused Nasdaq Composite index surged by over 43% in fiscal 2023, marking its best year since 2020. The broader S&P 500 index rose 24.2% last year, while the Dow Jones Industrial Average gained nearly 14%. The Canadian S&P/TSX Exchange rose by nearly 8% last year. The U.S. and Canadian equity markets' stellar performance,

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