Market News: On Thursday, April 17, 2008, Philadelphia Federal Reserve said regional manufacturing weakened in April. Index of manufacturing activity fell to a -24.9 from -17.4. Merrill Lynch & Co. reported a first quarter loss of $2.14 billion. IBM Corp. reported a rise in quarterly earnings. Nokia Corp. and Pfizer Inc. had disappointing earnings. Crude Oil prices set a record high of $114.86 per barrel. The markets are mixed from the news.
The following analysis is not a trade recommendation. You are responsible for your own trading decisions.
DOW Trend: Dow going sideways
NASDAQ Trend: NASDAQ going sideways
S&P500 Trend: S$P500 going sideways
Friday, April 18, 2008
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