U.S Market Update |
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- Financial markets remain in a precarious condition this morning as AIG teeters on the edge of bankruptcy and investors await the FOMC rate decision later this afternoon. Indices have rallied in mid morning trading after the Nasdaq opened -1.4% and the DJIA dropped 1.5% from the bell. In a sign of concerns over liquidity, the Fed pumped $50B into markets in its repo operation, more than twice the $20B slated for the day. The VIX index broke above yesterday's highs this morning, while the USD
Filed under: Fundamental
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