When You Should Decide to Turn Bullish

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tdp2664 InvestorPlace A gradual afternoon advance managed to offset early losses that resulted from a decline in European bourses due to an excessive need for capital. But the afternoon advance was held in check by weakness in the technology sector, which was down 2%. However, even a mixed close was greeted with optimism by traders who pointed out that the slight gain in the Dow industrials, following a huge advance on Monday, puts the blue-chip index in positive territory for the week, month and year. The technology sector dragged down the Nasdaq, but it was the only sector in the S&P 500 to close at a loss. The Dow Jones Industrial Average rose 4 points to 12,108, up 0.03%, the S&P 500 gained 2 points to close at 1,244, up 0.19%, and the Nasdaq fell 26 points to 2,578, off 0.99%. The NYSE traded 823 million shares and the Nasdaq crossed 500 million. Advancers were ahead of decliners on the Big Board by 1.6-to-1, and even on the Nasdaq.