We’re going to keep this short, because it was a quiet day, and you should be off your computer anyway.
First, the scoreboard:
S&P 500: -4.5
- There was very little news today following the release of the June jobs data, which was weak, like everyone expected. Markets headed lower in the early going.
- Factory orders also came in weaker than expected.
- At one point the major indices were down just over 1%. Then they ramped back. Then they fell going into the final moments of the day.
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