The S&P 500 Index made an attempt to find positive ground, but couldn't quite make it past the breakeven line. The SPX settled for a fractional loss of 0.8 point, closed at 1159.57. Broader market trade lacked direction in the early going. Stocks were unable to build on the prior session's big bounce mostly because of disappointment over the September ADP Employment Change. The report indicated that private payrolls fell by 39,000 last month
The high-flying technology stocks had a very rough day. Should this be a warning for the rest of the market? Just be cautious and lighten your stock holding on the way up of this rally, and you won't be too wrong about this.
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