FX & CFD trading involves significant risk
Trade has turned choppy since the stock market entered negative territory. That has made it difficult for stocks to stabilize. In turn, stocks are being gradually grinded down to new session lows.
Telecom and utilities continue to do an impressive job of fighting off sellers. The two sectors are up 1.2% and 0.9%, respectively, as investors show a preference for the stable business models and relatively rich dividend yields offered by the traditional safe havens.
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