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Morning Market Stir: Equities Pull Back as Commodities Reverse

Tuesday, December 2 – Alan Knuckman reports from the floor of the CME Group in Chicago where the end of the month

Tuesday, December 2 – Alan Knuckman reports from the floor of the CME Group in Chicago where December started off with big volatility in commodity markets. The S&P closed down for the day at 2,051, the Dow ended at 17,755, and the Nasdaq fell 1% to 4,286. The dollar fell to 87.98, pushing the Euro to 1.2479. For the first time in a while we saw bonds fall concurrently with equities, as treasuries closed at 142'02. Crude finished up at 69 after dropping to below 64. Gold also put in a strong reversal, closing at 1,218. This morning, equities are up slightly, with the dollar pushing higher, and the Euro and bonds are lower. Crude and gold are pulling back slightly after the big day yesterday.

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