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Minyanville's T3 Daily Recap: Market Eerily Quiet After Christmas
The market slumped to another loss Wednesday as trading resumed following the Christmas holiday. Stocks sold off for nearly the entire morning after opening slightly higher but the most notable characteristic about the market was the lack of volume. It appears traders are in no hurry to return from holiday travels and perhaps are waiting for more definitive word about fiscal cliff negotiations. Weak holiday sales numbers could have played a part in the market's weakness with the Nasdaq falling the hardest down 0.75%. The action was choppy as the S&P broke through the recent floor and is trying ...
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