Dow -113.30 at 12055.07, Nasdaq -57.56 at 2727.08, S&P -15.42 at 1305.51

Market news

7 March 2011

Dow -113.30 at 12055.07, Nasdaq -57.56 at 2727.08, S&P -15.42 at 1305.51

Oil prices have pulled back a bit in recent trade, but the market has made no real reaction to the commodity's turn lower. Oil prices, though still up 0.7% for the session, now trade at $105.15 per barrel.
With stocks stuck at session lows amid steady pressure, volatility has continued to climb. The Volatility Index is now up 13% amid the widespread weakness.

IMF: Zhu says China must appreciate the yuan and the question is how fast. China is committed to a mkt-driven flexible fx rate.

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