US market summary 29 Feb 08

Dow 12,266.39 -315.79 -2.51%
Nasdaq 2,271.48 -60.09 -2.58%
S&P 500 1,330.63 -37.05 -2.71%

If you remove Friday from this week's trading action, it was a reasonably good week for the market. However, unlike some economic reports, there are no exclusions when computing the returns that matter for equity investors. Friday counts just like the other days, and because it does, this week will go down as a losing one in the record books.

But this steep fall on Friday would definitely have an impact on the opening of the Asia markets on Monday. Stay on the sideline while observing how the week will turn out.