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Stocks were mixed Thursday with larger stocks slipping moderately while the small caps posted a modest gain after Wednesday still losses. The Dow lost 33-points and the Nasdaq was down for a second day in a row, for the first time in two-months. Our small caps gained 0.21%.
Stocks were down moderately to more heavily depending on the index on Wednesday. The Dow lost 66-points or 0.35%, and the S&P 500 gave up 0.52%, while the small caps (-0.83%) and particularly the Nasdaq (-0.81%) lagged with sharper losses.
The good news for stocks is we saw gains in most indices with small caps and I-fund leading the way. The bad news is they opened strongly but closed near the lows of the day. The Dow added 18-points while the S&P gained 0.20% and small caps picked up 0.57%, which compared to recent activity is a pretty big day.
Stocks continue to bounce back and forth in a very tight range above the July highs. This is very unusual action, this mostly sideways to very slightly higher action that has gone on for about 5 weeks. The Dow lost 23-points while the S&P 500 was flat and small caps posted a modest gain.