Thursday, July 31, 2014

Daily Report: Markets Rocked by Argentina Default, Focus on Non-Farm Payrolls

The financial markets were rocked by Argentina's default overnight, with weakened sentiments on concerns that the Fed might begin tightening earlier than expected. The S&P 500 index ended the day -2%, or 39.4 pts lower and took out key near term support of 1944.69. DJIA fell -1.88%, or -317.06 pts,



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