Thursday brought out the bears for a double digit loss on the S&P 500 and Nasdaq, a triple on the Dow. Volume kicked up a notch, leaving a distribution day that left a pretty serious mark on the market. The credit worries cockroach is back and energy costs continue to fly. Crude closed down 99 cents at $93.54 after hitting $96.00 a barrel intraday. Gold fell on the day as the dollar got a lift, gold closed down $2.10 at $793.20 an ounce. Into Friday we close out the week, but also the biggest piece of economic data of the week. The jobs[...]
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[Source: The Money Blogs]
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