Stocks slumped for a second day
Mega-cap stocks dragged down the broader market today. The S&P 500 Index (SPX) gapped lower by 1.5% and continued lower closing with a 2.8% loss.
Read MoreMega-cap stocks dragged down the broader market today. The S&P 500 Index (SPX) gapped lower by 1.5% and continued lower closing with a 2.8% loss.
Read MoreBut it was still pretty bad. The Institute for Supply Management (ISM) reported its manufacturing index fell to 41.5 in April from 49.1 in March.
Read MoreSomething to pay attention to is the close proximity to the high of 2818 on 04/09, the day the Fed announced the willingness to buy some areas of Municipal and…
Read MoreApril was as historic as March with the S&P 500 (SPX) up 12% following the epic crash in March. The action came despite horrific economic and EPS news, showing how…
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