dow2664
Negocioenlinea
The unrelenting images of the massive disaster in Japan overwhelmed world markets and gave investors pause to contemplate and process what the ramifications might be for the marketplace. Oil refineries shut down, companies such as Sony close factories and Japanese stocks hurled lower as a result of the 8.9 magnitude quake. Both Asian and European stocks ended their respective sessions lower. Major stock index composites in the United States however, ended the trading session in the green. Sectors that helped push positive trending yesterday were energy and building materials. The Dow Jones Industrial Average moved in positive territory most of the session and ended higher by .5 percent at 12044.4. The Nasdaq ended the session in positive territory as well. It moved ahead by .54 percent and closed the session of the week at 2715.61. The S&P 500 ended the session in the green by moving higher .71 percent and finishing at 1304.28. Home based economic reports stemming from Friday were relatively positive. It was reported that retail sales figures rose 1 percent in February which was slightly better than what many economists had been anticipating. The indices ended on a positive note but were lower overall for the week. As a side notation, as bad as news out of Japan was, there are many that imply the global market growth will now benefit from the amount of money that will need to be spent on rebuilding the devastated areas of Japan. For the week though, the Dow Jones Industrial Average fell 1 percent. Author: Frank Matto
No comments:
Post a Comment