Morgan Says Sell, Stocks Mixed, Oil Drops
After posting a $1.2 billion dollar second quarter loss, Morgan Stanley has reportedly advised clients to sell stocks into the current strength. Oil has fallen for the first time in the last 6 sessions depressing energy and fuel shares. The DJIA and S&P 500 experienced minor losses ending a substantial winning streak. However, the Nasdaq climbed higher on the earning strength of Apple and Starbucks. The DJIA fell -34.68 to 8881.26, the Nasdaq gained +10.18 to 1926.38 and the broad based S&P 500 fell -0.51 to 954.07.
Advanced Micro Devices
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Apple
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Starbucks
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Wells Fargo
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Oil fell 21 cents to $65.30, Gold advanced $6.40 to $953.30 and the VIX fear index gave back 1.68% to 23.47.
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