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Market Commentary
Tape Softens Ahead of FOMC
Indexes ease as tech lags while energy and defensive groups show relative firmness. SPY closed near 761.64, down roughly 0.35 percent on the session. QQQ finished softer in the 0.4 to 0.8 percent range while IWM slipped about 0.3 to 0.4 percent. Volume was orderly...
read moreOil Pressure Hits the Indexes
SPY, QQQ and IWM all finish lower as higher crude and a sharp health-care selloff outweigh relative strength in energy and select technology names. The major averages closed modestly lower on the return from the long weekend. SPY finished near 766, down roughly half a...
read moreTape Digests Hot Payrolls
Indexes mixed as rate-hike odds firm after the August jobs surprise; semiconductors provide selective leadership on lighter volume. U.S. equities closed the holiday-shortened week on a mixed note Friday as a stronger-than-expected August employment report shifted the...
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