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Morning Market Stir: Another Weak Close September Ends in the Red

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Wednesday, August 1 – Alan Knuckman reports from the floor of the CME Group in Chicago, where equity futures failed to follow through on Tuesday, and September finished down for the month. The S&P did not hold its 1,976 resistance level and closed weakly at 1,965.5. The Dow failed to regain 17,000, closing at 16,965, with the Nasdaq finishing positive at 4,045. The dollar index was strong again, closing at 86.05, pushing the Euro down to more new lows at 1.2635. Bonds backed off their gains to 137'29. Crude oil sold off hard to 90.86, and gold fell to 1,211. This morning, equity markets are hanging around their closing levels, not yet showing signs of a bounce. The dollar continues higher, with the euro lower, and bonds are firm. Crude and gold are attempting to stem their losses.

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