Stocks Stabilizing as Traders Nibble at Bargain Prices
The markets may be down, but that doesn't mean everyone is selling.
The stock market began the day with heavy selling, but losses were trimmed by midday. David Henderson of DW Clancy points out that even though the markets have sold off, many traders have been stepping in and buying. He also believes the market will quiet down next week as the Easter holiday nears. JPMorgan's earnings didn't worry him since Wells Fargo turned in a good performance. However, he did stress that traders are nervous due to various global events.
