Thursday, August 18, 2011

Don’t Be Fooled by This Complacent Market

Stocks started off well yesterday, with the S&P 500 jumping 1.25% in the first
45 minutes. But buyers quickly lost interest when technology stocks, led by Dell
(NASDAQ: DELL ), plummeted and erased the early gains. The big PC maker reported
slower sales and lowered its revenue target for the full year, driving the stock
down 10% for the day.

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