Stocks See Wild Morning Trading
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Stocks saw whipsaw trading this morning, with the Dow Jones Industrial Average seeing a daily trading range of over 190 points so far.
After opening 100 points lower, the Dow and other major indices rallied into positive territory. The Dow currently sits up 8 points to 10,076 . The key 10,000 level on the Dow was breached earlier.
The S&P 500 S&P broke the 'Flash Crash' low of 1,065.79 earlier, before rallying back. The S&P is currently up 3 points to 1,074.
The Nasdaq is up fractionally at 2208, after trading as low as 2,166 earlier.
Market bulls are hoping the 12% correction off the April highs presents a great buying opportunity, while bears feel that with the crisis in Europe just developing a double dip recession is in the cards.
After opening 100 points lower, the Dow and other major indices rallied into positive territory. The Dow currently sits up 8 points to 10,076 . The key 10,000 level on the Dow was breached earlier.
The S&P 500 S&P broke the 'Flash Crash' low of 1,065.79 earlier, before rallying back. The S&P is currently up 3 points to 1,074.
The Nasdaq is up fractionally at 2208, after trading as low as 2,166 earlier.
Market bulls are hoping the 12% correction off the April highs presents a great buying opportunity, while bears feel that with the crisis in Europe just developing a double dip recession is in the cards.
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