If traders were looking for a sign of QE3 yesterday they were sorely disappointed. The release of the FOMC minutes showed that the Fed would exercise caution in regards to further easing. The release of minutes sent the precious metals market tumbling and snapped the Dow’s three-day winning streak.
The Dow closed down 65 points to 13,200. Tech stocks fared better with the Nasdaq only down 6 points at the close, and the S&P matched those declines.
Opko Health, Inc. (NYSE:OPK) closed Tuesday down 1.03% at $4.81. OPK saw above average volume today with over 2 million shares traded. Phillip Frost (CEO & Chairman) bought 45,000 shares at $4.68 on April 2. [Read more...]