Markets end the session down slightly $DJI.I
- Published: 25 September 2012
- Markets ended the session on a weaker note to close in the red for the third session in a row. Lagging economic growth and concerns over the state of European affairs have slowed the market post the QE3 announcement
- The market took on a more cautious tone with tech and energy sectors being sold off while the safety of the utilities sector was bought into on the S&P500
- Google rallied another 2.1% to be up near 30% this quarter to date
- Both Dell and Hewlett Packard had their price targets cut by Evercore which saw their respective stock prices fall by 1.98% and 2.16%
- Facebook continues to trade in a wild fashion since its IPO with the stock falling 9% overnight after Barron's said the stock was fairly valued at $15 p/s
- Caterpillar fell 0.93% and further in after hours trading as the company updated its 2015 earnings forecast to between $12 and $18 per share
- DOW –0.15%, S&P500 –0.22% and NASDAQ –0.60%
- EUR trading at similar levels to yesterday with the AUD is around 1.0420
- Spot gold prices retreated and Oil was weaker due to poor German Ifo data
