Markets rally late in the session to end the day flat $CLc1
- Published: 30 March 2012
- US markets ended the session relatively flat after markets bottomed out in the afternoon due to concerns over an Asian slowdown, continued weakness in Europe and a disappointing US weekly jobless claims report
- Greece reappeared on investors radars again after a brief absence with S&P's Head of Sovereign Ratings Moritz Kraemer stating that Greece may have to restructure again "down the road"
- All 10 S&P sectors were in the red led by financials and telco's
- Electronics chain Best Buy fell by 6.95% after it posted weaker than expected earnings and also announced the closure of 50 stores
- Discount retailer Big Lots Inc fell 4.76% on a negative broker report
- Leading the moves on the Dow was BAC and AXP both down 2.26% and 1.98%. Whilst AA and CAT each closed up 2.03% and 1.69%
- DOW 0.15%, S&P500 –0.16% and NASDAQ –0.31%
- JPY was stronger again most of its peers as risk appetite fell overnight
- Gold fell on weaker Jobless Claims and Crude sank to a six week low
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}
