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S&P 500 Snapshot: Selloff Continues, but 1500 Holds

From dshort.com - Advisor Perspectives
February 21, 2013 - 5:46pm
Feb 21, 2013 Doug Short  The selloff in the S&P 500 continued today, but the pace moderated and the losses were trimmed in the afternoon. The index plunged at the open on higher than expected weekly employment claims. The Consumer Price Index continues to show tame inflation, although the seasonally adjusted month-over-month Core CPI jumped 0.3%. The index zigzagged to its mid-afternoon intraday low, off 0.97%. It spent a couple of hours playing tag with the 1500 benchmark until a wave of buying in the final hour of trading trimmed the daily loss to 0.63% and a close above 1500 at 1502.42.More...

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