The Rise and fall of stock markets

Financeman
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The Rise and fall of stock markets

The stock markets have been influenced by a lot of factors. One of the most important and driving factors is the price of oil among others. Today, the market started strongly and rallied. But, by the end of the day, the markets plunged again taking cue from the global recession.

The banking sector took a plunge as they ended as top losers today...what does this indicate?