Minyanville's T3 Daily Recap: Market Rests After Two-Day New Year's Party
The New Year's party for the market ended as the major indices finished with narrow losses Thursday. Stocks finished with strong gains on the last day of 2012 and first trading day of 2013 following a last-hour fiscal cliff (partial) deal but came into the day a little bit extended to the upside and in need of rest. The S&P opened marginally lower this morning but drifted into positive territory by lunch time until the afternoon Fed minutes rained on the parade. The minutes released at 2pm ET spooked the market a bit as several FOMC members intimated that ...
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