NOTE: Please click on the charts below to enlarge them if they do not appear clearly.The broad market suffered a severe beating in the first week of the new year, as stocks swooned on higher volume last Friday. The major indices gapped lower on the open, moved lower throughout the morning, consolidated for a few hours, then suffered another bout of selling in the afternoon. The Nasdaq Composite plummeted 3.8%, its biggest single-day loss in nearly a year. The S&P 500 and Dow Jones Industrial Average fell 2.5% and 2.0% respectively. The small-cap Russell [...]
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[Source: The Money Blogs]
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