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Equity Research / Daily Research and News - Market Commentary

Equity Research / Daily Research and News - Market Commentary

 

July 3, 2008

Stocks closed mixed in a moderately traded Fourth of July holiday shortened session. NYSE breadth 20-10 negative. NASDAQ breadth 16-10 negative. Market wild, didn't seem to have a trend. Markets closed at 1 pm EDT. The dollar surged as ECB raised rates but didn't hint at further action. Gold plunged on belief weaker economies could reduce demand. Bernanke talks twice next week. Oil futures rose in wild day but finished below $145.85 high. June Nonfarm Payrolls fell, Unemployment unchanged, Initial Jobless Claims rose, ISM services index fell. XOM, CVX, JPM, UTX rose.

 

CLOSING MARKET DATA

DOLLAR

HIGHER

NASDAQ

2,245.38   -6.08

S&P 500

1,262.90   +1.38

10-YR YIELD

3.98 %

VOLUME

931,874,600

DJIA

11,288.54   +73.03

 

 

Provided by Standard and Poor's

 

 
 

2008 Raymond James & Associates, Inc., member New York Stock Exchange / SIPC
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