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Stock Trading Education Nasdaq Stocks Gapping Up

Date: 9/15/2011



Stock Trading Education Nasdaq Stocks Gapping Up S&P futures vs fair value: +10.90. Nasdaq futures vs fair value: +23.50. Stock futures initially spiked in a knee-jerk response to news that the European Central Bank has coordinated efforts with the Fed, the Bank of England, the Bank of Japan, and the Swiss National Bank to offer European banks dollar loans, but futures have since eased off of their reaction highs.

The dollar has had a negative response to the announcement; it is now down 0.7% against a basket of major foreign currencies to trade just above its 200-day average. Elsewhere, gold prices are also under pressure -- the precious metal is now down 2.0% to $1790 per ounce. Oil prices are up 0.8% to $89.60 per barrel, though.