With the Dow gapping down 440 points 1 minute into the open, the Dow rallied almost 200 points in the first hour of trading, as the Fed Chairman did a 3/4% rate cut before the bell, and the Dow slowing chopping away at the gap open. At one point during the lunch hour, both the Midcap 400 and Russell 2000 were positive for the day.
In the end, the Dow finished down 128, the Nasdaq down 47, and the S&P 500 down 14. Sometime in the next hour, AAPL reports earnings. Earlier today, AAPL closed well off from the 147.70 lows to finish -5 at 156.75. Hopefully, AAPL doesn't say something positive so that it improves our chance for continued gains in our foreign ultrashort ETF.
YTD -5.27%
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