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S&P 500 futures were down more than a full percentage point this morning, after markets in Asia and Europe sold off heavily in reaction to two small regional U.S. banks that reported exposure to a potentially fraudulent loan worth only $60 million. The “contagion”—as ING called it in a note this morning—spread to Nasdaq 100 … Read more
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The index has shot up dramatically on several occasions recently, only to then retrace rapidly. Read More
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