(JULY 31): The US equity market has been on a tear. The Dow Jones Industrial Average and Standard & Poor’s 500 are up 9.9% and 10.7%, respectively, year to date. Similarly, the Nasdaq Composite Index has gained 19.3%. While sentiment had been driven by the new US administration, improving global economic growth is providing the backbone to the rally, says A J Kahling, senior manager of trader education and market strategy at broker age firm TD Ameritrade.

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