Anyone scalping the FTSE Futures??

US markets closed with modest losses. This move was due in part to the oil correction and partly a justified profit taking after the strong gains achieved since the end of June. The decline was widespread, covering 9 of the 10 sectors that make up the S&P500. The only exception was the retail sector. The weakness of the oil conditioned not only its sector such as mining (given the correlation between crude oil and other industrial commodities) and industrial. The Nasdaq was conditioned by some profit taking and the analyst's decision at BGC to reduce the recommendation from Hold to Sell. For the next 12 months, BGC reduced Apple's price target from 114 USD to 85 USD. Yesterday, shares of Apple closed at 97.34. This recommendation of the BGC may have cooled the positive sentiment towards the technology sector that the good results from Microsoft and IBM had helped build. Now, attention will focus on results from Apple, scheduled for 21:30 GMT.
 
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