Minyanville's T3 Daily Recap: Market Stems Tide After Early Selling
The market followed through on yesterday's sell-off in the morning but was able to stop the bleeding in the afternoon to contain the day's losses. The Nasdaq was the biggest loser falling 0.34% while the S&P dropped 0.18%. The fiscal cliff continues to weigh on the market but the newer issue for the market is the escalating conflict in the Middle East. Israel has stepped up its assault on strategic targets in the Gaza strip while Palestinian militants are peppering southern Israel with rockets. We talked yesterday about how Apple (NASDAQ:AAPL) showed a slight positive divergence to the market ...
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