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Market Overview

Tuesday Jul 06, 2010

Today’s early morning trading extended a nice welcome back gift to the U.S. equities markets as raised expectations for corporate earnings, signs of strength in Europe’s banking system, and positive expectations of the $22 billion initial stock offering by the Agricultural Bank of China helped to boost the Dow Jones into a triple digit rally. The Dow was up as high as 9,858.13 as post holiday buying helped to ease some of the losses incurred last week. However, by mid-day the Dow pared its gains, but was still up about 77 points and was trading in a range of 9,755 to 9,765 as continued concern with last week’s data supporting a sluggish economic recovery came back into the forefront of trader’s minds.

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OpVest Daily Podcast

Tuesday Jul 06, 2010

Andre Julian, CFO gives daily market commentary.

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