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Archive for July 16th, 2010

Posted by MartZee July 16, 2010

Market back in correction

Trading ended with a huge loss today: NEW YORK (Reuters) – Downbeat consumer sentiment data and weak revenues from GE and two big banks slammed stocks on Friday, driving major indexes down more than 2.5 percent. The Dow Jones industrial average (DJI:^DJI) slid 261.41 points, or 2.52 percent, to end unofficially at 10,097.90. The Standard Continue reading →

Posted by MartZee July 16, 2010

Market under pressure

The market opened lower today and is under pressure slipping back into correction. As I expected, the earnings wasn’t very good so far: bank revenues lag, Google disappoints, and Consumer Sentiment falls from previous 76 to 66 points and that drags the market down. As of this morning the Dow was 10,199.39  -159.92  -1.54% Nasdaq 2,208.07  -41.01  -1.82% and Continue reading →