Read Here Stock Market Videos: Markets Digest Recent Gains, Profit With The Pros
The stock market jumped early in the day on the back of solid ADP Private Sector Employment data. However, in just the last four trading days, the S&P 500 has popped 8.5%. This tells a common sense investor that a pull back or pause is needed. The markets have given up quite a bit of their gains by mid afternoon and are starting see a little profit taken. All eyes are turning towards the Friday Jobs Report and looking at the next Federal Reserve meeting on September 21st and 22nd. Financial stocks are doing well today but most other sectors are mixed to lower. Technology leaders like IBM, AAPL and BIDU have been mostly lower even in the early morning market rally. This was a solid earlier indicator of a market that would give up most of its gains. The Dollar has also inched higher putting pressure on stocks. Take the seven day free trial of the Research Center and Intra Day Stock Chat. Join the elite traders helping the average investor profit in any market. Get proprietary techniques, swing trade live alerts and more. Profit with the pros.
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