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14Oct2015 Market Update: Averages Tumble After Opening, Mal-Mart Declines 10% After Poor Financial Report, DOW Recovers After Falling Triple-Digits
Wednesday, October 14, 2015 10:36
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Written by Gary
The SP500 made a feeble attempt to retest the 2020 level after the opening, but ending up sliding below 2000 instead. WTI crude and the US dollar are aggressively testing their supports in relatively quiet trading. The Dow saw a triple-digit tumble after Wal-Mart cuts outlook, sending its shares down 10 percent wiping more than $20 billion off the retailer’s market value.
Volume is very low suggesting the markets will continue trading near today’s session lows and close at best mixed.
Source: http://econintersect.com/pages/market/market.php?post=201510141150
