Market Shakeout May Be Bullish Sign; FDIC Set To Take Over FRC

Market Shakeout May Be Bullish Sign; FDIC Set To Take Over FRC

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The stock market rally fell sharply during the past week, but rebounded to close with solid gains, a shakeout that could set the stage for a stronger advance. An FDIC takeover of First Republic Bank (FRC) may be imminent. Dow Jones futures will open on Sunday evening, along with S&P 500 futures…

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