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From dabblers to day traders, small investors' impact on Wall Street grows even in volatile market

LOS ANGELES (AP) — For years, retail investors were dismissed by some on Wall Street as “dumb money. ”That typically referred to those prone to trading on hype, or chasing trends rather than company or industry fundamentals, or responding late to big market moves. That's no longer the case. An analysis of where retail investors put their money last year shows they outperformed two of the most popular, professionally managed index funds, SPY and QQQ, whose goal is to mirror the of the S&P...

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