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27Jul2015 Market Update: Markets Down, DOW Off Triple Digits, Oil Down But Stable, More Markets Losses Feared
Monday, July 27, 2015 9:41
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Written by Gary
Markets opened lower as expected pushing the DOW down triple digits. The sharp slump in Chinese markets piled further pressure on stocks this morning, after patchy economic data and corporate earnings spurred declines last week.
The averages are moving in a choppy sideways motion on very low volume resulting in a lot of investors deciding to sit this session out.
Short-term indicators are mildly bearish, oil is down but stable and the U.S. dollar continues to trend slowly downward.
Source: http://econintersect.com/pages/market/market.php?post=201507271123
