Stocks Smacked on Sour Debt, Economic, & Earnings Data
Wednesday, July 27, 2011 Stock Market Commentary: Stocks were smacked on Wednesday after durable goods and the Fed’s beige book failed to impress, the debt stalemate in D.C. continued, and the latest round of earnings data was not thrilling. It is a bit worrisome to see the Nasdaq 100 negate its latest breakout and pull back…