Friday, February 15, 2008

US Market Summary 14 Feb 08

Dow 12,376.98 -175.26 -1.40%
Nasdaq 2,332.54 -41.39 -1.74%
S&P 500 1,348.86 -18.35 -1.34%

Wall Street retreated Thursday after Federal Reserve Chairman Ben Bernanke predicted a "sluggish" economy until later in the year and more mortgage-related losses at banks. The Dow Jones industrial average fell 175 points.

Fed Chairman Ben Bernanke did it again as his comments send the market to end on a negative note yesterday.
We will see Asia markets opening red and the afternoon trading session might be a test on how STI will close on Budget Day

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