After posting triple digit gains most of the day the Dow dropped 100 points in the final thirty minutes of the trading day to finish up just 30. The S&P was slightly higher while the Nasdaq finished the day down. Stocks were higher after positive signs out of the jobs market that the pace of job losses is possibly slowing down. The Dow was heading for a higher close on this news until the Fed announced they will not raise rates any time in the near future. Also today Oil continued its climb above $80 a barrel and a weaker dollar led gold prices to an all time high at almost $1100 an ounce. Some big news after hours came out of the technology company Cisco (CSCO) which reported better than expected earnings. The stock jumped 3% after hours on the news after posting a nice gain of 1.4% for the day. Perhaps most important in their earnings report was the forecast. The company forecast revenue growth for the upcoming quarter, the first time in a year. This is yet another sign investors will point to as evidence of a healing economy.




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