Stocks Have Mixed Day As UK Political Uncertainty Weighs On Markets

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Stocks Have Mixed Day As UK Political Uncertainty Weighs On Markets
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 Commenting on today’s trading Gorilla Trades strategist Ken Berman said: 

Although stocks were under pressure most of the day, the late-session bounce could mean that last week’s rally will soon resume, despite the resurfacing trade-related fears. With all eyes on the British Parliament and the pound’s roller coaster today, stocks drifted sideways after the bearish open, but the Dow and the S&P 500 closed near their intraday highs, so we could be in for a rebound tomorrow.

The major indices all finished the day in the red today, but despite the gloomy global investor sentiment, stocks avoided a damaging sell-off, despite the scary start to the first session of the month. The Dow was down 285 or 1.1%, to 26,118, the Nasdaq lost 89, or 1.1%, to 7,847, while the S&P 500 fell by 22, or 0.8%, to 2,904. Decliners outnumbered advancing issues by an almost 3-to-1 ratio on the NYSE, where volume was slightly above average.

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The major indices all finished the day in the red today, but despite the gloomy global investor sentiment, stocks avoided a damaging sell-off, despite the scary start to the first session of the month. The Dow was down 285 or 1.1%, to 26,118, the Nasdaq lost 89, or 1.1%, to 7,847, while the S&P 500 fell by 22, or 0.8%, to 2,904. Decliners outnumbered advancing issues