Stock closed mixed after a lacklustre session $ZNc1
- Published: 22 March 2012
- Stocks closed the session mixed overnight after a weaker than expected existing home sales report and a consensus that the market may have
- The NASDAQ outperformed closing at an 11 year high which helped &P500 which was hampered by a weaker energy sector
- Baker Hughes fell 5.81% after Q1 profit margins were lower than expected. Competitor Schlumberger was also down 2.25% and oil &0.68%
- Hewlett-Packard has combined its PC unit with its printers division in an effort to cut costs and improve sales. The stock traded down 2.17%
- Leading the moves on the Dow overnight was HPQ, AA, CAT, TRV and CVX falling 2.17%, 1.63%, 1.59%, 1.10% and 1.07% respectively
- DOW –0.35%, S&P500 –0.19% and NASDAQ 0.04%
- USD was weaker overnight, EUR up this morning and AUD still flat
- Gold was down 0.1% on poor investor appetite and Crude was up 1.2%
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