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Thursday, 2 October 2014

Wall Street stabilizes after recent selloff

http://ift.tt/eA8V8J While momentum in markets have been weak of late - the S&P 500 closed under its 100-day moving average for the first time since Aug. 7 on Wednesday - major indexes remain a few percentage points away from record levels. "A lot of people got freaked out yesterday, and it is natural to have a selloff, but I don't see any reason for why we'd continue to fall," said James Altucher, managing director at Formula Capital in New York.



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