Market recap: Stocks faded late to close mixed, but the Dow still snapped its six-day losing...


Market recap: Stocks faded late to close mixed, but the Dow still snapped its six-day losing streak amid hopes Greek leaders could form a coalition government. Utility and telecom stocks led gainers, while techs lost ground on Cisco's downbeat outlook. Treasurys pared losses after a solid bond auction. NYSE advancing issues led decliners nearly three to two.
Comments (3)
  • 2MuchDebt
    , contributor
    Comments (406) | Send Message
     
    Hopium
    10 May 2012, 05:01 PM Reply Like
  • nyuszika45
    , contributor
    Comments (625) | Send Message
     
    I like that word, but it is dangerously close to the familiar term referencing many market rationales: hokum.

     

    I was also wondering how long it will be until France becomes the new Greece - but it might not be so. However, given the German strength, how long until they dominate the continent, again; not so much from an overwhelming strength, but as being the proverbial one-eyed man in a sea of blindness.
    10 May 2012, 06:00 PM Reply Like
  • David Urban
    , contributor
    Comments (1031) | Send Message
     
    People say that it is bullish that the market always rallies after an early sell off but I would counter that the late day sell offs are more worrisome.
    10 May 2012, 10:12 PM Reply Like
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