Thursday, July 3, 2008

Selling Pressure Comes Quickly

The major indices opened in positive territory, but quickly encountered a bout of selling pressure. In turn, the Nasdaq has been taken into the red.
Financials (+0.8%) are currently the best performing sector. Only energy (-0.3%), telecom (-0.2%), and technology (-0.2%) are trading with losses.
Oil is currently trading near $144.10 per barel, up roughly 0.4%.

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