Stock-Market Rally Fizzles in Week When All Eyes Focused on Oil

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WSJWhatsNow: The stock market fizzled this week with all eyes fixed on oil. paulvigna breaks down the winners and losers.

This week brought a halt, at least temporarily, to the stock market’s rebound, and equities are back to their erratic selves.

The Dow Jones Industrial Average is off 3% for the week, and the S&P 500 is below its 50-day moving average of 2830. Even heavyweights such as Microsoft Corp. and Apple Inc. have tumbled.

 

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paulvigna Irrational exuberance is being offset by reality

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