Small Loss Caps Strong Quarter

Posted by admin on Jun 30th, 2009 and filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Small Loss Caps Strong Quarter Stocks capped off a strong quarter with a modest slide after a shaky report on consumer confidence aggravated investors' fears of weak corporate profits and a prolonged recession. The Dow Jones Industrial Average declined 82.38 points, or 1%, to 8447.00, leaving the measure up 11% for the second quarter. Market Data Center > Most Actives | Gainers | Losers New Highs and Lows | Money Flows Intraday Futures | Currencies More Video: MarketWatch Hot Stocks Real Time Econ: A Look at Case-Shiller Numbers, by Metro Area The S&P 500-stock index declined 7.90 points, or 0.9%, to 919.33. The broad measure jumped 15% in the second quarter. The Nasdaq Composite Index slipped 9.02 points, or 0.5%, to 1835.04, leaving it up 20% in the second quarter. The Russell 2000 rose 2.33 points, or 0.5%, to 508.28. It also rose 20% in the quarter. Traders said that despite the quarter's gains other indicators of a recovery in stocks have yet to fully take shape. For example, there hasn't been a rush of mergeractivity in the middle market, something that often foreshadows a recovering economy by roughly six months.[Read more...]

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