Excerpt from: Stock & Indices
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| August 03, 2009 | | Spread bets and CFDs on U.S. stocks | Spread betting and contracts for differences on the U.S. stock market should consider that things are starting off rather auspiciously. Today is the first trading day of August, and Wall Street has rallied right out of the gate.
Indeed, the U.S. stock market is following the lead set by other global equities rallies. Asia has seen tremendous performances today (with the exception of Tokyo), and Europe is heading for a solid rally as the trading day draws to a close.
The bulls appear firmly in control of U.S. stocks for now, with optimism about an economic recovery beginning by the end of the year running high. While things are fairly jubilant now, though, it is important to note that it could change as the week moves forward. Concerns about the labor market may become paramount later this week, with no positive GDP data to counteract it.
| Topic Tags: CFDs, contracts for differences, spread bets, spread bets U.S. stocks, spread betting, spread betting stock market, U.S. stock market, Wall Street | |
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