Monday, September 28, 2009
Down For The Week - At Last
The selling continued last Friday, leaving the major market indices down for the week. The Dow fell 42.25 points to a level of 9,665.19. The SPX lost 6.40 points to end on 1,044.38. We are in the green and looking ok though a few more down days would really help us.
Further data on the housing sector was disappointing Friday, as was a report on durable goods orders. However, this news was partially offset by a better than expected consumer sentiment report. Research in Motion (RIMM) - makers of Blackberry - provided a bearish outlook, sending its shares sharply lower. Overall, stocks fell for the first time in three weeks as traders took profits.
This week's economic calendar is full of important data, including the employment situation report for September which will be the biggie!
Until next time.
Further data on the housing sector was disappointing Friday, as was a report on durable goods orders. However, this news was partially offset by a better than expected consumer sentiment report. Research in Motion (RIMM) - makers of Blackberry - provided a bearish outlook, sending its shares sharply lower. Overall, stocks fell for the first time in three weeks as traders took profits.
This week's economic calendar is full of important data, including the employment situation report for September which will be the biggie!
Until next time.
# posted by Paul @ 2:26 AM 
