Bull Run Skids, ADP Let Down, Oil Soars
The bull run skidded to an end today. Lower than expected ADP employment figures combined with a poor showing in manufacturing fueled the selling. Oil and gold climbed on the weaker U.S. dollar as a bearish aura descended on shares. Mores worries from Greece and climbing Treasuries topped off the pessimistic session. The DJIA led by Boeing and 3M gave back -50.79 to 10856.63, the tech heavy Nasdaq fell -12.73 to 2397.96 and the broad based S&P 500 dropped -3.84 to 1169.43.
^CQB^: Shares fell 4.72% or 78 cents to $15.73 after the company warned of a poor first quarter.
^RAD^: A wider than expected loss sent shares skidding 4.72% or 78 cents to $15.73.
^WMG^: Climbed 4.54% or 30 cents to $6.91/share on industry merger, licensing and acquisition chatter.
^ATSG^: Shared took off climbing 44.81% or $1.04 to $3.35 after signing a deal with DHL to provide aircraft and services.
Oil climbed $1.01 to $83.38, gold advanced $8.60 to $1114.00 and the VIX added 2.69% to 17.59.
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