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Market Remains Unsettled
Aug 17, 4:58 PM ET |
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| Tech stocks rebounded and led the charge for the day. Market remained nervous due to higher wholesale inflation. Lower oil helped averages. |
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| Higher wholesale inflation kept market nervous during the trading session. Oil fell close t0 4% dragging with it energy and metals and mining stock on lower copper prices. Despite lower oil price of the day, traders worry that oil will only bounce back in the coming days. Nordstrom and Hewlett Packard delivered strong earnings. ANF drops despite higher earnings. |
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Market Overcomes Wholesale Inflation
Aug 17, 3:28 PM ET |
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| U.S. stocks in the positive territory, wholesale inflation up 1%, crude-oil pricestumbled below $65 a barrel, climbing dollar, declining gold. |
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| Higher-than-anticipated inflation, Hewlett-Packard 2Q exceeded expectations, Nordstrom released earnings and revenue growth, Applied Materials reported earnings and sales decline. |
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Inflation Tightens the Grip on Market
Aug 17, 11:35 AM ET |
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| U.S. stocks flat in the first hour of trading, economic data release, crude-oil prices at $66 a barrel, climbing dollar, declining gold, earnings rep |
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| Higher-than-anticipated inflation, Hewlett-Packard 2Q exceeds expectations, Nordstrom releases earnings and revenue growth, Applied Materials reports earnings and sales decline. |
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