Slow going - Stocks saw modest gains on Wednesday as the major indices flirt with new highs. The Dow gained 32-points on the day and the S&P 500 inched above the March highs... Market Commentary for 4/07/11 Current Daily Market Commentary
It was a boring day in the markets today, but the major averages did manage to close up overall with relatively modest gains.
There was no domestic economic data to speak of today, and overseas reports weren't particularly noteworthy either.
So the market seems content to mark time for now as resistance at the 1340 level of the S&P index continues to be a barrier, but support is holding too. It's just a matter of time now before the market makes its next move one way
Stalling - Stocks were flat again yesterday with minor gains or losses in the various indices. The Dow lost 6-points, the S&P 500 was flat, and the Nasdaq saw a slight gain... Market Commentary for 4/06/11 Current Daily Market Commentary
The market began the trading day modestly lower, but managed to find a bottom shortly after the first half hour of trading. From there it chopped higher until early afternoon before chopping lower in the close. Overall, it was a mixed day with the major indexes closing relatively flat.
It was another light day for market data, but we did see ISM Services for March drop to 57.3 from its previous reading 59.7 in February.
Afternoon trade was influenced to some extent
Updated 04-06-2011 at 05:41 AM by coolhand
Mostly flat - Stocks were flat to mixed yesterday as they took a needed rest after last week's rally and actually nearly 3-weeks of rallying. The Dow gained 23-points on the day while the S&P 500 was up less than 1-point, and the Nasdaq was down less than 1-point Market Commentary for 4/05/11 Current Daily Market Commentary