Daily Investment Interpretations
January 28, 2011
indices have fallen out of bed today: U.S.
stocks losses deepen as Microsoft, Ford drag Market Snapshot -
MarketWatch. The NASDAQ Composite pared
to 2,686.89. The Dow was slammed 166.38
closing at 11,823.70, while the S&P 500
dwindled 23.2 points
to close at: 1,276.34. Oil closed down at $89.49 a
barrel, and Gold ended at $1,339. The VIX dropped 3.82
at to end at 20.04.
The cause of this mini-crash was the turmoil in Egypt, some negative economic news (January consumer sentiment dips, Growth picks up to 3.2%), and the fact that a weekend was approaching during which traders didn't want to be caught off-guard. The general perception is that the markets will bounce back next week: Wall Street looks to rebound on earnings.
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