Markets stagnant as they await Greek debt resolution $DIS:xnys
- Updated: 02 April 2012
- Published: 22 August 2011
- Markets traded flat overnight with the NASDAQ being the only major Index that made any gains of note. Investors continue to monitor the unfolding situation in Greece with negations continuing to drag on
- The battered US Housing sector showed some positives this week with the Market Composite Index of US mortgage applications increasing 7.5% last week along with the Refinancing Index up 9.5%
- Earnings season continues with McDonalds beating estimates, however the stock closed slightly lower. Time Warner also reported rallying 1.47% on better than expected earnings data. Walt Disney also reported with stronger earnings, however reported revenue missed expectations. The stock still managed to rally 0.83%
- Leading the moves on the Dow were BAC, UTX, HPQ, CSCO and JPM each rallying 3.57%, 1.82%, 1.76%, 1.14% and 1.14%
- DOW 0.04%, S&P500 0.22% and NASDAQ 0.41%
- USD was slightly stronger overnight with the AUD made a 1.0843 top
- Gold closed slightly lower overnight and Crude managed to rally 0.5%
Published by Spectrum Live Pty Ltd | www.spectrumlive.com
- Download your FREE Trading Software - Demo
- Download your Best Online FX Trading Software - Live
| Tweet | {JFBCLike url=http://www.spectrumlive.com/market-view layout=button_count show_faces=true show_send_button=true width=120 action=like font=verdana colorscheme=light key=sl} |
{JFBCComments href=http://www.spectrumlive.com/market-view width=390 num_posts=1 colorscheme=light key=sl}
