Stocks Recover, but Dow Logs 3rd Triple-Digit Loss
July 24, 2012 Leave a Comment
Stocks further pared their losses in the final minutes after a report from the Wall Street Journal reiterated that the Federal Reserve is moving closer to action to spur growth.
“We have a continuation of selling from yesterday,” said Todd Schoenberger, managing principal at The BlackBay Group. “While there’s not exactly any new news, the issue going forward is that there’s no bullish catalyst…and there’s an overwhelmingly pessimistic feeling that the Fed’s not going to do much.”READ MORE