I think we are in for a dirty day.
DOW Jones and the NASDAQ biotech indices are both heavily down and, with 2 hours of trade to go, look like they may not have found the bottom yet.
News from the UK - they have lifted interest rates .5 and inflation over in Europe is very high. Apparently, one vote away from lifting rates a full 1%. That could indicate rates in the rest of the world may not be too far off.
That is always not good for spec shares and Biotech shares that are still in the research phase.
For IMU holders, I think we will need good trial result announcements to get any SP relief.
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26 | 4357226 | 0.050 |
28 | 4638765 | 0.049 |
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Price($) | Vol. | No. |
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