Thursday, February 7, 2008

US Market Summary 6 Feb 08

Dow 12,200.10 -65.03 -0.53%
Nasdaq 2,278.75 -30.82 -1.33%
S&P 500 1,326.45 -10.19 -0.76%

Wall Street pulled back for the third straight day Wednesday as investors still uneasy about the economy sold off after a Federal Reserve official suggested rising inflation could prevent the central bank from making further interest rate cuts.

There seems like some buying interest before the investors cash out on uncertain grounds as they do not want to keep stocks overnight.
To the Asia markets which are closed until reopening on Monday, it is only important how Dow fares on Friday itself.

So wishing all of you a Happy Chinese New Year!

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