Equity Research / Daily Research and News - Market Commentary
Equity Research / Daily Research and News -
Market Commentary
July 3, 2008
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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. |
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|
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 |
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Provided by Standard and Poor's
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