Market Tumbles On Weak Commodities! SPX, Nasdaq, DO, APA, NOV, WLT, CNX, MEE, BTU, AKAM, FSLR
Posted on October 28, 2009 at 23:36 PM EDT
When the market falls, it falls fast! The dollar continued to glide higher, as investors sell off stocks in the commodity sectors. Oil fell to $77/barrel and gold dropped below $1030/ounce. Miners were extremely weak, led by coal names. Yesterday, MEE reported earnings that beat the estimates, but, revenue was on the soft side. In [...]