FX & CFD trading involves significant risk
Stocks continue to sport impressive gains, but the major averages have slowly drifted lower during the course of the past couple of hours.
Financials had some difficulty attracting buyers this morning, but were able to bounce off of the flat line to trade modestly higher. However, the sector has since forfeited that gain so that it is now back at the flat line. Diversified banks have been a considerable burden to the sector following the latest report from Wells Fargo (WFC 28.61, -1.46). Earnings from Wells Fargo were slightly better than expected, but the firm's revenue figure disappointed.
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