Excerpt from: US Markets
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| July 28, 2010 | | Spread bets and CFDs on U.S. stocks | Durable goods orders data has just been released, and the disappointing news is providing some difficulty on the U.S. stock market. Spread betting and contracts for differences on the U.S. stock market should consider the sluggishness in early trading.
The news, though, isn't doing too much damage, since U.S. stocks are managing to hold near the break even point, see-sawing between early gains and early losses. Investors recognize that durable goods aren't doing well, but at the same time the earnings news has been fairly positive.
As a result, the stock market is looking for a little direction in early trading. It should be interesting to see whether bulls or bears gain control later on in the session.
| Topic Tags: CFDs, contracts for differences, durable goods, spread bets, spread betting, U.S. stock market, U.S. stocks | |
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