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Santoli’s Friday market notes: Reddit names a sideshow, while low-drama S&P 500 nears closing high

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Traders working at the New York Stock Exchange (NYSE), on May 19, 2021.
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This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

  • Prolonged holding pattern gives way to a tentative upward grind as a bit of suspense is lifted and some drama drains from the tape.

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