Stock Trading Volume Expected to Drop During World Cup Match

TheStreet

Stock volumes were elevated as traders seemed to be preparing to take a couple of hours off to watch the World Cup match between the U.S. and Germany. Ben Willis of Princeton Securities pointed out that volume was definitely better than it has been of late, even though stocks were trading down. The losses from earlier in the day were also getting trimmed as buyers jumped in on the dip. Geo-political reasons didn't seem to be the blame for selling since oil and gold did not trade higher. Willis also thinks that high frequency traders have become scarce making market reactions more muted.