NASDAQ closes the day marginally in the green
The US Stock Markets continued to gain for the sixth straight session, thanks to some late support in the afternoon session. With positive news coming form Japan and China, the stocks made solid gains early on monday morning. There was a little pressure in teh afternoon trade as the banking stocks dipped to a 0.7% loss despite the proposed amendements from the Federal Reserve to offer interest-bearing term deposits to eligible institutions. The telecom and health care sectors were the best performing sectors on Monday as they gained 0.6% and 0.4% respectively.
The commodities market also performed well for the entire session. The CRB Commodity index gained 1.3% and is now at a two-month high. The volume of shares traded on monday were about 700 million and the much action isn’t expected.
Dow Jones: 10,547.08 +26.98 (+0.26%)
NASDAQ: 2,291.08 +5.39 (+0.24%)
S&P: 1,127.78 +1.30 (+0.12%)
December 28, 2009
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