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05Feb2016 Market Update: Wall Street Falls Sharply After Opening, Tech Stocks In The Red, WTI Remains Steady At The Mid 31 Level
Friday, February 5, 2016 11:18
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Written by Gary
US markets opened lower as expected and swiftly headed south after jobs growth slows, unemployment rate at eight-year low and appeared to keep alive the prospect of a Fed rate hike this year. Tech stocks sold off heavily and LinkedIn Corp’s shares plunged as much as 43 percent this morning, wiping out nearly $11 billion of market value. Short-term indicators are neutral.
Source: http://econintersect.com/pages/market/market.php?post=201602051152
