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14Oct2016 Market Update: Wall Street Remains Up After So-So Financial Reporting, Gold Loosing Battle With Support, Indicators Are Neutral, But Could Turn Bearish Suddenly

Friday, October 14, 2016 11:06
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Written by Gary

U.S. stocks rise on bank earnings (SPY +0.4%), but face 2nd weekly loss in a row. An unexpected collapse in consumer sentiment from the University of Michigan came in at 87.9, economists anticipated a an increase to 91.9 and wholesale level rose 0.3%, missing its estimate.

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