Tuesday, January 29, 2008

US Market Summary 28 Jan 08

Dow 12,383.89 +176.72 +1.45%
Nasdaq 2,349.91 +23.71 +1.02%
S&P 500 1,353.97 +23.36 +1.76%

A jittery Wall Street advanced Monday, reversing some of Friday's sharp losses as investors took a dismal new home sales report as a sign the Federal Reserve will lower rates this week.

Those who bought at a low yesterday should take the chance to sell this morning as weakness can still be seen in the US Market.
Selling should continue in the afternoon for Asian market as few would want to take overnight positions given such a volatile week.

No comments:

Brain Bliss