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Category Archives: STM


Review 12/11/07: SPX, Nasdaq, STM, GNSS, T, CSCO, JNPR, BIIB

Well, the market didn’t get what it wanted from the Fed, who lowered the federal funds rate by only one-quarter percentage. Immediately after the rate announcement, the market dropped sharply and continued the slide all the way to the close. The Dow ended down almost 300 points; SPX stumbled 38.31 points; and Nasdaq […]