Market closes the session slightly stronger $VXc1
- Published: 13 March 2012
- Markets were apprehensive overnight as investors look to the Fed and their pending banking Stress Test results that are to be released later in the week. The market is expecting to see improving balance sheets as a further sign of an improving economy
- The market traded with a guarded tone overnight with consumer staples and utilities leading the gains on the S&P500. Financials and energy which have led the gains for much of the year lagged
- Disney managed to make small gains despite the disappointing opening of much hyped movie John Carter. The $250 Million film took $30 Million on its opening weekend
- Commodity stocks Newmont and Schlumberger fell 1.99% & 2.4%
- Leading the gains on the Dow was XOM and MRK up 1.48% & 1.33%
- DOW 0.29%, S&P500 0.02% and NASDAQ –0.16%
- USD was weaker against most majors and AUD was softer overnight
- Gold fell 0.8% on a report spec demand has softened. Crude fell 0.9%
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}
