U.S Market Update |
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- Markets continue to fight a worsening case of credit market pneumonia as traders digest a plethora of data and headlines. Participants are grappling with the Senate's passage of the revised bailout bill, major moves in the EUR/USD, the deepening freeze in the commercial paper market, worse-than-expected unemployment and factory orders, the ECB holding rates steady at 4.25%, the extension of the SEC short selling ban and GE's big equity offering. Indices headed straight down from the open
Filed under: Fundamental
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