Thursday, February 28, 2008

US Market Summary 27 Feb 08

Dow 12,694.28 +9.36 +0.07%
Nasdaq 2,353.78 +8.79 +0.37%
S&P 500 1,380.02 -1.27 -0.09%

Wall Street finished mixed in another seesaw session Wednesday after regulators allowed Fannie Mae and Freddie Mac to buy more mortgages and Federal Reserve Chairman Ben Bernanke said the central bank will remain vigilant about the weakened economy.

Look out for Asia markets as US close mixed, Nikkei opened red and thus STI and HSI should follow suit.
Wait for sure signs before going into market again.
Profit taking should take place when market open and second half of trading should be a crucial point in determining market sentiments.

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