Stocks Fall Again

The Dow, Nasdaq and S&P all started the day in positive territory and finished significantly lower for the second day in a row. The Dow closed at 8504.67 down 107.46 or 1.25%, the S&P had an 11 point loss down to 911.97 with a similar percentage drop, while the Nasdaq ended the day just below the 1800 level. A weaker dollar, higher treasury yields, and higher gold were some factors blamed for the drop, however most of the talk centered around a near term pull back from the recent run up in the markets. Stock market watchers as well as forex and commodity traders will be looking toward Fridays confidence numbers to help gauge the state of the economy.



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