Volatility to persist this week through earnings reports
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US stocks finished more or less flat last week but that performance disguised some of the biggest daily swings.
Volatility is all but certain to persist through this week's earnings reports and until the midterm elections, according to strategists, particularly if problems in the eurozone and Saudi Arabia fester.
The Dow Jones Industrial Average surged 547 points on Wednesday as investors shifted focus to earnings from geopolitical fears. But stocks gave back a big chunk of those gains on Thursday as those fears returned, in the form of a diplomatic crisis in Saudi Arabia, more weak economic data from China and warnings from White House economic adviser Larry Kudlow that a ceasefire in the economic war between Washington DC and Beijing was unlikely any time soon.
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