Off the Charts
U.S. stock futures opened sharply lower last night after news that the bailout in Cyprus hit a snag over a controversial proposed deposit levy. Futures had already bounced significantly off overnight lows when the session opened this morning, and the comeback continued throughout the day. The rally did lose steam in the last hour before the close today, but the S&P's (SPY) 0.55% loss could be considered a win for the bulls given the way world markets looked last night.
Commodities fared well in today's sell-off as gold closed the day up 0.73% and crude oil finished up 0.31%. Apple (AAPL) also shined in today's weak tape after breaking the macro downtrend in Friday's session. All sectors closed the day in the red with the financials, which are especially sensitive to fresh news about the European debt crisis, and basic materials sectors getting hit the hardest....942 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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