On Tuesday surprisingly bad service sector data did the market in before it really even had a change to get going. American markets joined their global cousins in a route. The Dow Industrials lost 370 points, closing at 12,265.13, while the Nasdaq lost over three percentage points, down 73.28 points, closing at 2309.57. The more broadly based S*P500 also got hit hard, losing a little over 44 points and closing at 1336.64. Unlike yesterdays decline on light volume, volume was heavy across the board today. This would suggest that the Bear Market in Equities rema[...]
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[Source: The Money Blogs]
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