Closing Bell: Can’t run, and can’t hide (AAPL, DIA, SPY, MRVL, MSFT, STP, SIRI,
Posted by: admin in Stocks NewsFiled under: Live coverage, Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Wal-Mart (WMT), Sirius Satellite Radio (SIRI), ETF Investing, Marvell Technology Group (MRVL), Suntech Power Hldgs ADS (STP)
Today was one of those market days where you just felt like the stock market was headed lower no matter what. A report from the World Bank showing lower recovery is expected in 2009 and in 2010 didn’t help. It took the sails out of the commodity sector and therefore out of stocks.
With tiny economic data to center on, traders just continued the momentum of selling to take profits. We’re also seeing a reversal here where now the market needs great news to rally.
Here are today’s closing bell levels:
Dow 8,339.01 -200.72 (-2.35%)
S&P 500 893.04 -28.19 (-3.06%)
Nasdaq 1,766.19 -61.28 (-3.35%)
Closing Bell: Can’t run, and can’t hide (AAPL, DIA, SPY, MRVL, MSFT, STP, SIRI, WMT, YHOO) originally appeared on BloggingStocks on Mon, 22 Jun 2009 16:00:00 EST. Please see our terms for use of feeds.
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