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05Apr2017 Market Close: Wall Street Moves Sharply Down After Negative Fed Report, Crude Prices Waterfall To The High 50 Handle, The US Dollar Index Spikes Sharply And Then Lost All Gains
Wednesday, April 5, 2017 13:49
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Written by Gary
US stocks turned negative this afternoon and closed sharply lower (SPY -0.3%) after meeting minutes showed that the Fed’s sees a policy change that would begin shrinking the central bank’s balance sheet and change in its bond investment policy later this year, that in-turn reversed a rally after a strong jobs report earlier in the day.
Source: http://econintersect.com/pages/market/market.php?post=201704051526
