10Mar2017 Market Update: Wall Street Slides Backwards To Flat Status, US Oil Rig Count Rises By 8 For 8th Straight Weekly Increase, Fed Certain To Raise Rates Next Week, Crude Prices And US Dollar Slide Aggressively
Friday, March 10, 2017 12:09
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US stock markets slid dramatically after gaping up moderately at the opening (SPY -0.01%). Several analysts suggested that the miss on wage inflation, would dampen the Fed to pursue a more aggressive path in rate hikes.