Dow and S&P500 managed small gains while the NASDAQ fell $SP500.I
- Published: 09 August 2012
- Markets moved slightly higher again overnight for the fourth day in succession as investors anticipate central banks moving to provide stimulus
- Markets took on a more conservative tone overnight with the consumer staples gaining while consumer discretionary stocks lagged. The technology heavy NASDAQ also closed the session lower overnight
- Dean Foods led the S&P500 by surging 40.58% after it topped earnings and announced an IPO for its health food WhiteWave Foods brand
- Hewlett Packard led the Dow higher by rallying 2.37% after it raised its third quarter earnings guidance. RIMM the maker of the troubled Blackberry mobile phone rallied 4.24% on news that it is in talks with competitor Samsung to licence the soon to be released Blackberry 10 platform
- Newcorp slid 3.9% in after hours trading after the media conglomerate reported a $1.55 billion write-down of publishing assets
- DOW +0.05%, S&P500 +0.06% and NASDAQ –0.15%
- USD was steady overnight whilst the AUD continues to trade above 1.0500
- Gold moved slightly higher on central bank anticipation and Crude was mixed rallying to three month highs on weaker inventories then selling off
