Friday, February 22, 2008

US Market Summary 21 Feb 08

Dow 12,284.30 -142.96 -1.15%
Nasdaq 2,299.78 -27.32 -1.17%
S&P 500 1,342.53 -17.50 -1.29%

The stock market finished with a sharp loss Thursday after bleak readings on the economy heightened investors' fears of recession. The Dow Jones industrial average fell more than 140 points.

It would be interesting to see how Asia market would react to the US market as it fell even though US market is up the day before.
Furthermore, the news of Singapore winning the host for the Youth Olympic yesterday should be a catalyst for a property and hotel play today.
We shall see how Asia defend against the red.

No comments:

Brain Bliss