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Today was one of those days where it felt like it would be an up-day and most traders were feeling good, but the last hour's trading came down so far so fast that traders had little feel whether we'd have an up or down session until right before the closing bell. Oil inventories were not a huge surprise like the week before, but the data sent oil much higher and then a weak US dollar only added to oil price gains. Some may use the Beige Book as the reason for the sell-off, but it might be how little the government expects Wall Street executives to work for if they are a TARP bank.
Here were today's unofficial closing bell levels:
Dow 9,956.91 -84.57 (-0.84%)
S&P 500 1,081.36 -9.70 (-0.89%)
Nasdaq 2,150.73 -12.74 (-0.59%)
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