Tuesday, February 12, 2008

US Market Summary 11 Feb 08

Dow 12,240.01 +57.88 +0.48%
Nasdaq 2,320.06 +15.21 +0.66%
S&P 500 1,339.13 +7.84 +0.59%

Yahoo Inc.'s rejection of Microsoft Corp.'s unsolicited takeover bid left investors guessing the next move in a tense mating dance that may hatch a more imposing challenger to Google Inc. or disintegrate into a bruising brawl.

Asia markets suffer another major downfall yesterday as we should see things picking up today. Market trend is still in bearish mood as any negative news will send market tumbling now.

Trade with care and close any positions before end of the day.

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