Friday, March 14, 2008

US Market Summary 14 Mar 08

Dow 12,145.74 +35.50 +0.29%
Nasdaq 2,263.61 +19.74 +0.88%
S&P 500 1,315.48 +6.71 +0.51%

A fractious Wall Street rebounded from an early plunge to finish moderately higher Thursday, after Standard & Poor's predicted financial companies are nearing the end of the massive asset write-downs that have devastated the stock and credit markets.

Rebound is not strong enough, thus I suggest to stay sidelines until clear signs are out. Asia market might open on a positive note, but rebound might be weak and cannot sustain through the second half of trading.

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