Profit taking hits US stock markets

  • S&P 500 down 29 points
bull

The bulls are taking some profits today.

I don't see any real catalyst for the shift in market dynamics today but we're seeing an extension in stock market selling with the S&P 500 down 0.4% and the Nasdaq down 0.55%.

I suspect this is mostly profit taking as we have Oracle down 4% and Micron down 3.5% after earnings (it ran up big-time ahead of earnings).

eminis
eminis

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