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Rally Hopes Diminished by Friday’s Sell Off

On Thursday, the Fed held interest rates near zero, citing global headwinds for global markets. This announcement spooked investors and sowed more confusion into an already unsettling atmosphere.

There was actually hope for a rally until these uncertainties triggered a broad-based sell-off on Friday. This dragged Wall Street’s benchmark (S&P 500) into the red for the week.

The Dow suffered its second-worst Friday drop in 2015 on a point and percentage basis. It did end with a weekly loss of just -48.51 points, or -0.30%, and closed at 16384.58. Volume was up for the week by +21%.

Charts courtesy of StockCharts.com


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