The Traderszone Network

Published in TZ Latest News 10 July, 2014 by The TZ Newswire Staff

Stocks Reverse Horrid Start, Repair Most Of Day’s Damage

Stocks recovered from an ugly start Thursday but couldn’t erase all of the day’s losses. The Nasdaq lost 0.5%, an improvement from a 1.5% skid early in the day. The S&P 500 fell 0.4%. The IBD 50 slid 0.6%. Volume fell on the Nasdaq but rose on the NYSE, slapping the S&P 500 with a distribution day. With the uptrend beginning its fourth session under pressure Friday, the climate does not favor risk taking. Waiting could provide clarity.

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