(Nasdaq) The S&P 500 slipped into red for the first time in eight days, coinciding with reports that Catalyst Fund had covered a $17 billion short position, and oil futures reversed early gains. As a result, the energy sector is taking the brunt of Thursday’s profit-taking pressure, outpacing losses in the consumer discretionary and financial sectors.
Stocks Turn Away from Record Highs as Hedge Fund Short-Covering Dries Up, Oil Futures Turn Negative
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