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Market recap: Stocks ended another quiet session with modest losses, as investors are reluctant...

Market recap: Stocks ended another quiet session with modest losses, as investors are reluctant to take or change a big position ahead of tomorrow's Fed policy decision and Thursday's ECB meeting - even though few expect any Fed action just yet, and Europe has long lumbered from crisis to crisis. Crude oil slid 1.9%; 10-year Treasury yields fell to 1.488%. NYSE losers led winners three to two.
Comments (4)
  • montanamark
    , contributor
    Comments (1444) | Send Message
     
    gold and oil have been better clues to fed action or nonaction than equities
    31 Jul 2012, 04:23 PM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Window dressing day....the moves based on FED actions occurred last week. the SP 500 is up 10% ytd, what more does bernanke want? UP,UP,UP everyday???
    31 Jul 2012, 05:14 PM Reply Like
  • phdinsuntanning
    , contributor
    Comments (1280) | Send Message
     
    looks like the only secret weapon of Fed and coleagues is to buy AAPL stocks !
    31 Jul 2012, 05:34 PM Reply Like
  • birdmaestro
    , contributor
    Comments (128) | Send Message
     
    Anyone else have the feeling that the next 2-3 days will be a major inflection point for the market? Check out the Baltic Dry Index, believed by many to be one of the best indicators of the global economy:

     

    http://bloom.bg/yrMkxw

     

    Ominous.
    31 Jul 2012, 09:47 PM Reply Like
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