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E-Mini S&P 500: Earnings forecasts crumble and the market tumbles?
The E-Mini S&P 500 had an outside day mostly triggered by indecision and low volume. Marriott International shares fell 6.3% and Halliburton Co. slipped 1.9%. Declining stock on the NYSE outnumbered the advancing stocks. On the Nasdaq for every 2 advancing stock, 3 declined. The slide in the E-Mini S&P 500 occurred mostly between 2:35 – 3:10 PM CST. AT&T rose 1.8% and Eastman Kodak was up 5.3%. EBay Inc. was looking for an acquisition in GSI Commerce. The fallout from the earthquake and tsunami still ravage the marketplace.
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