The stock market finished moderately lower today, but that didnt tell the whole story. The Dow traded in a range of nearly 200 points. Mixed earnings guidance combined with a warning from a Federal Reserve official sent the market on its wild ride.

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The stock market appears to be on the verge of a big move, and a breakout by financial stocks could be the catalyst for a broader rally.

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The South Korean stock market is trading lower on Thursday with investors tracking cues from Wall Street and pressing sales in some key stocks from the technology, banking and automobile sectors.