Stocks Plunge Late, But Will SPACs Ever Rise Again?
On Tuesday, things looked relatively good on Wall Street until just about the last moment. Toward the end of the trading session, though, stock market benchmarks suffered big late-day declines that pulled just about all of them into negative territory. The Dow Jones Industrial Average (DJINDICES: ^DJI) had been down for most of the day, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) ended up also falling prey to a surge of pessimism near the close.
A lot of popular investments have seen huge rises and falls in 2021, and one of the most notable has been in the special purpose acquisition company universe. SPACs are generally well off their highs, and many investors appear to have lost confidence in them ever bouncing back. Below, we'll look more closely at whether that pessimism is justified -- or whether SPACs may yet rise again.
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Source Fool.com
