Dow shows strength on weak market day
The Dow normally lags behind S&P500 and Nasdaq when it comes to contrary movements but today the Dow is showing strength. Most markets are in the red, including Asia bu the Dow holds a stand, partly based on healthy sentiment within the manufacturing segment.
The dollar is stronger while oil took a beating during the first part of the week. With the recession and fuel prices being what they are, it is nice to see Boeing having a good day in representing the aviation industry.
The employment stimulous legislation that got through the Senate does not seem to be having any major impact on the markets, certainly not in any measurable manner on the Dow live stats, perhaps because of continued Greek worries. The job creation stimulous will provide $18 billion in tax breaks to employers in a move to boost employment. Not a bad package that will have a effect on the streets but how much it will affect the markets is unsure.
The bottom line: the sentiment is subdued and cautious on all financial fronts.
Related posts:
- US stock market shows remarkable strength
- Day Trading Robot Your Best Friend In Bear Market
- Weak start of market week supported by Caterpillar
Seed Newsvine
