(as of 7:00 AM PST)
It's another weak opening for stocks. Media companies are leading the market lower with investor darling Disney the most notable decliner, falling 10% yesterday, and another 3% this morning after disappointing the market with weaker future projections. No big news from Europe or Asia and economic data is sparse today. Concerns about a Federal Reserve rate hike next month also have investors on edge. It looks like a difficult day for the bulls as negative momentum seems the order of the day. Precious metals are near flat-line, while oil is drifting lower.
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