January 31, 2012 at 18:56 PM EST
Indices Bend, Though Don't Break, In Mixed Session
The stock market indices had a mixed session at the close, similar to the day before yesterday. The day started out with a real pop to the upside on strong futures, and they reached their highs within 10 minutes. They immediately sold off, taking the Nasdaq 100 from 2481.50 down to 2453, and then they rallied back in a 3-wave fashion into mid-afternoon before backing and filling into the close. The S&P 500 dropped from 1332 down to 1307, and rallied back to 1312.79 by the close. [More...]
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