Dow finishes lower for the first time in four days $NASCOMP.I
- Updated: 02 April 2012
- Published: 22 August 2011
- After briefly passing through the key 13000 level on Tuesday, the Dow pulled back overnight for the first time in four sessions as continued worries about Greece and a disappointing European Services and Output report saw investors temper their bullishness
- Investors will look towards tonight's unemployment claims with the recent trend being one of an improving employment sector
- Dell fell 5.8% after its Q1 sales forecast missed analysts expectations due to weaker PC demand from consumers and governments
- Home builder Toll Brothers fell 5% after it posted a quarterly loss. However this was tempered by a bigger back log of pending construction
- GPS manufacturer Garmin rallied 9% after quarterly profit increased 25%
- DOW –0.21%, S&P500 –0.33% and NASDAQ –0.52%
- US Dollar Index made a 79.47 high, USD was up against the JPY. EUR traded sideways this morning and the AUD is testing the 1.0600 level
- Gold was stronger overnight and Crude rallied to USD106.72 high
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