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Daily Recap

Following several days of brutal swings in the markets, today represented something a bit mellower.  Still correcting from the recent over-correction to the market's mad rush to the sky, stocks again traded in the plus column - until the day's final minutes. 

 

The Dow Industrials, up a couple hundred points or more for most of the day, totally caved in towards the close - actually down 19 points.  The S&P 500 and especially the NASDAQ, weaker all day long, closed down 64 points (0.9%) and 13 points (0.5%), respectively.  NYSE winners hung onto the victory over losers, 1,555 to 1,435.  It was a very disappointing close, likely pointing to a weak opening tomorrow.  But we'll see.

 

The Asia Dow finished with a small 0.10% loss, mostly due to a big fall in Shanghai stock prices.  In Europe, it was a different and more US-like story, the STOXX 600 gaining a hefty 1.97% ... Log in or subscribe to continue reading.


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