business

Macro data suggests cyclical stocks on a rebound: Expert

Nicholas Ferres of Eastspring Investments says he is watching 1,420 level on the S&P 500 closely. "As a key support level, that was the high in early April which was a previous resistance," he told CNBC-TV18 adding, a break of that to the downside could precipitate a more meaningful correction.

first published: Oct 22, 2012 01:28 pm