The Stock Market Has Turned Red
Oct 9, 2013, 19:23 IST
U.S. futures were looking up overnight. But minutes into the trading session, everything turned red.
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On Tuesday evening, the White House announced the President Obama would announce the nomination of Janet Yellen for Federal Reserve Chair.
The nomination of a dovish Fed Chair and the removal of uncertainty gave the markets a brief bounce.
But as we see this morning, that bounce was short-lived.