Off the Charts
Today was a "day to take notice" in the market. Futures kicked off December with a positive tone this morning, but after opening at new pivot highs we failed to hold onto those pre-market gains.
A worse-than-expected ISM manufacturing survey number was released at 10 a.m., accelerating the sell-off. The reading of 49.5 represents contraction in manufacturing activity, and was the worst ISM number since September 2009. The market then traded lower throughout the entire session with the S&P closing the day on the lows, down 0.47%....837 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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