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Stocks opened lower on Tuesday, but quickly recovered the early losses, just as we saw on Monday. They basically flat-lined the rest of the day as volume stayed quite light. Earnings have been pouring in this week but have done little to ignite investor's interest so far. The lack of any major economic data seems to have put things on hold so investors continue to wait for clues regarding the Fed's next decision on interest rates.
It was a very slow Monday on Wall Street yesterday as volume dried up and the indices were basically flat. The Dow opened lower but finished with a 15-point gain after being in slightly negative territory most of the day.
I apologize but
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Stocks bounced around quite a bit on Friday, but the headline of the day was the relentless buying during the final two hours of trading just after the Dow had fallen into negative territory. The Dow ended the day up 74-points capping a decent week for stocks, although not all indices survived the week with gains.
After some large gains the previous week, Monday had minimal action as the markets were running into resistance coupled with poor economic data and by mid-week, investors started taking some profits. However, investors seem to be reminded that they prefer the economy to look bad when the Fed is considering raising interest rates. So after a mid-day dip, buying was relentless into the close Thursday. A slight pull-back mid-day Friday was followed by more buying as the week came to an end.
Updated 10-17-2015 at 02:39 PM by TommyIV