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Tag Archives: Activity
It is hard to say that the market was actually manic today, but we had a nice follow on from Friday’s bounce. Market breadth was quite strong, especially given weakness in bellwether blue chip, IBM.
Today we bounced, finally! Stocks surged higher right from the open lead by large capitalization stocks. The S&P 500 closed the day higher by 1.3% to 1887 though ended the week lower.
After several days of selling, investors finally had a day of relative calm. The S&P 500 barely managed to end the day with a small uptick to close at 1862.
Volatility is reaching levels not seen in equities in the last several months. U.S. stocks started out the day extremely weak, rallied, sold off and climbed back to end the day lower, but significantly off the daily lows. Talk about whipsaw action.
Another day of less-than-positive action across the investment landscape as international and emerging stocks were weak following yesterday’s sell-off.
Weakness continued on this light trading day, especially in the final hour of trading. The not-so-manic market activity was felt by traders. While Columbus Day is not a major or market holiday, it is still an excuse for a long weekend for many.
Common stock trading for FusionPharm Inc., a Denver-based company that recycles shipping containers into greenhouses marketed to cannabis growers, resumed trading Monday amid a federal securities inquiry into its activity.