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Monday's Market - The Bulls Can't Catch A Break

  • cashtonsaunders
  • Oct 13, 2014
  • 1 min read

US index futures are indicating the the new trading week will begin just as last one ended. Market sentiment continues to be negative. Asian markets all closed down, except for Hong Kong, which was up 54.84 points. European markets close mixed.

US markets opened flat, to moderately negative. Investors are still nervous about, weakness in Germany, and our ability to contain Ebola, here in at home. News of a nurse with Ebola, a member of the team who treated the 1st Ebola patient in Texas.

Markets opened moderately, down, but seems to be stabilizing as the morning progressed, and did trade off their lows, as customary, once Europe closed. Just before 1:00 PM the Dow was up 41 points, Nasdaq climbed 19 points and the S&P gained 4 points.

However, as the afternoon trading continued, markets began to drift lower. The selling intensified, 30 minutes before the market closed. When the trading session ended the Dow lost 224 points, the Nasdaq lost 63 points, and the S&P lost 31 points. Another tough day for the bulls. One characterized by wild swings, in and out of positive and negative territory.

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