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Market continues to dip; momentum unchanged due to FOMC's meeting minutes
Stocks extended losses ended lower for 2 days in a row now after traders digest the minutes of the Federal Reserve meeting which implied significant increase in discussions about the current asset purchase program and as to when it should be change.
There's also the slowing down of retail sales which signifies a lot of things, and may be the start of the deceleration that traders are worried about.
The contents of the Fed meeting shown on the minutes had given traders a rough idea as to when the tapering of the asset purchase program will take effect. This had always been a key focus for investors as it will dictate when the accommodative settings are likely to be taken away.
Today's market is as follows;
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