This morning (PST), all three major US indices are in the red. New economic data and certain news items perhaps exacerbated the effect of rising oil prices from yesterday. Factory orders dropped more than estimated and total job openings dropped below 10M (decline was more than estimated) in February. There was also an article about JPMorgan Chase CEO's cautionary comments about the banking crisis to the shareholders. All these factors might have resulted in market's color today.
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