FX & CFD trading involves significant risk
Stocks opened today's trade with impressive gains, but the move was quickly challenged by traders looking to sell the bounce. Pressure actually pushed the Dow to a fractional loss in negative territory before it was able to rebound alongside its counterparts.
Financials, which plummeted 10% in the prior session, have actually provided some support to the broad market this morning. The sector's 2.0% bounce comes as bargain hunters offer a bid for banks and diversified financial services plays after their beat down yesterday.
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