Mid-Day Recap: Stocks Off the Lows of the Day
Equities opened lower this morning following disappointing earnings results from Bank of America, and losses were extended 25 minutes into the session when it was reported that consumer sentiment took a dip in the first two weeks of October, suggesting retail sales in the holiday period could be weaker than forecasts assumed.
After being down more than 1.00% in the lunch hour, stocks are making a small comeback from the lows of the day. As of 2:00pm, the S&P 500 is down 0.82% to 1,087, the NASDAQ is down 0.65% to 2,159, and the Dow is trading 0.69% lower at 9,993. On Wednesday and Thursday the Dow closed above 10,000 for the first time in a year. …(read more)
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