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Market recap: Stocks tipped modestly lower after a surprise contraction in U.S. GDP reinforced...

Market recap: Stocks tipped modestly lower after a surprise contraction in U.S. GDP reinforced the Fed's decision to maintain its bond-buying program. Despite a run of strong corporate earnings, the GDP data fanned concerns about the economy's ability to absorb higher taxes and potential cuts in government spending. The euro rose to a 14-month high vs. the dollar on signs of tightening in the euro zone.
Comments (1)
  • Short the Russell index futures and making money. The index turned negative at market open, is a leading indicator. Will be watching follow through in the next two sessions, taking profit if there is a break back up.
    30 Jan 2013, 05:26 PM Reply Like
DJIA (DIA) S&P 500 (SPY)