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Hailey Steinfelds News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KICU First Business February 20, 2014

Talking about raising rates. In the end the dow hit the skids falling 89 points, the nasdaq 35 and the s p 12. Gold edged down 13 dollars and oil bounced 94 cents. Bloomberg news reports. Walmart is considering supporting a minimum wage hike. The retailer had no comment. Facebook is buying whatsapp for 16 billion dollars. Whats app allows for free texting on most smartphones. Facebook shares fell 4 in heavy trading last night on the news. After hitting a new high wednesday of 69 dollars. Trader Mark Sebastian of swan Wealth Advisors joins us now. I want to talk about that turn for the worse that happened in the stock market yesterday on comments from the fed. Will we see follow through today mark . I think so. We saw a huge move in the vix along with the s p 500 selloff. When the vix makes a big move relative to the s p it almost always points toward some continued weakness. I would be steering clear of the broad market indexes right now. Id be waiting until we hit that 100 Day Moving

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