The major market index composites in the U.S. were pushed lower early during
yesterdays trading session and were never able to recover. News of the
earthquake in Japan, and the potential consequential tsunami, sent waves of fear
and anxiety through the ranks of investors all over the world. The Dow Jones
ended the last session in the red along with the Nasdaq and S&P 500. Ultimately,
the indices ended in the red across the board to finish Thursdays trading
session in the U.S. World developments, such as the crisis in Japan, the
conflicts in the Middle East and the record highs posting for oil are applying
negative pressure to stocks and weighing heavily on the minds of investors.
Uncertainty is a common word used to refer to potential market outcomes and thus
trending right now is hard to predict. Precious metals are prospering in this
environment due to their safe haven security. Home based economic reports
posting yesterday were skewed positive as the number of people completing first
time applications for unemployment benefits lowered once again in the U.S. On
the docket for today, the Commerce Department will post wholesale inventory data
for February to end the trading week. Economists are anticipating that this
report will post a moderate increase over the wholesale inventory report data
from January. Author: Frank Matto
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