Stocks opened with follow-through declines from Wednesday’s decline as dip buyers entered in the afternoon for another stick save to win a good headline for Main Street’s benefit.
More bad news is good data was featured prominently as Durable Goods Orders fell to -2.8% vs prior 4.3%. PMI Services Index was weak when viewed by Chis Williamson chief economist at Markit below:
And, Initial Jobless Claims came in better than expected at only 265K vs prior revised to only 259K. It seems confusing to many as the chart below
displays.
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