U.S. Markets opened in the red but rebounded to mixed results after China revised credit market collateral rules disallowing low-grade corporate bonds. In Greece, the government moved up a parliamentary presidential vote which sent the Athex Composite index down nearly 13% on concerns of the return of unrest there.
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Nymex Crude Oil broke a three day losing streak and rebounded off of a five year low gaining 1.22% to settle at $63.82 per barrel up 0.77%. Gold prices surged 3.10% as investors sought safer havens and the precious metal settled at $1,232.00 per ounce up $37.10.
The Dow Jones Industrial Average fell nearly 200 points in early trading but rebounded in the afternoon to close at 17,901.20 down 51.28 points or 0.29%. The S&P 500 also swung higher in late trading breaking into positive territory momentarily before ending the day with a small loss of 0.49 points at 2,059.82 down 0.02%.
The NASDAQ Composite climbed 25.78 points to 4,766.47 up 0.54%. The NASDAQ 100 closed at closed at 4,294.67 up 16.33 points or 0.38%.
The Small cap Russell 2000 was the biggest winner of the day jumping 1.79% to close at 1,188.06 up 20.85 points. The Fox50 ended the day down 0.31% after losing 4.51 points to close at 1,444.54.