Dow falls for sixth session in a row $NWS:xnas
- Published: 10 May 2012
- US stocks were weaker again overnight with the Dow extending its losses to its sixth session in a row. This marks the longest losing streak in the Dow since August of last year. Markets continue to fret about the potential outcomes in Greece as the country struggles to reach a political outcome after recent elections
- The volatility in the market continued to rise overnight with the CBOE Volatility Index breaking through 20.0 again overnight
- News Corp rallied after the close after it reported stronger earnings and profit. News reported a 47% rise in Q3 net income or 38c p/s
- Cisco Systems fell 8.3% to close at $18.78 in extended trade after forecasted earnings were weaker than expected. This is despite the company beating quarterly earning estimates overnight
- DOW –0.75%, S&P500 –0.67%, NASDAQ –0.39%
- The USD Index traded to 8 week highs. AUD is flirting with parity
- Gold is trading below USD1600.00 and Oil fell for the 6th day in a row
Published by Spectrum Live Pty Ltd | www.spectrumlive.com
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