GetPaidIndia.com

US Markets close day in red

February 7th, 2008

The American markets had a mixed day today with the first half of the trading day in the green and reversing its course during the later part. There is a sign of recovery just an hour before the closing bell but the bears are heavily back pushing the markets to close in the red.

NASDAQ lost 30-odd points to close down by 1.33%. Dow Jones Industrial Average is down 0.53%, S&P 500 is down 0.76%

Most advanced stocks of the day include Multi-Fineline Electronix, Inc., JDS Uniphase Corporation, First Keystone Financial, Inc., Penson Worldwide, Inc. and Orckit Communications, Limited  while the most decliners of the day include IDM Pharma, Inc., Travelzoo Inc, Energy West, Inc., Double-Take Software, Inc. and CommVault Systems, Inc. amongst others.

News of Time Warner planning to split off AOL’s Dial-up service are on. Analysts say that this could be termed as the first step in the group’s plan to sell its Net access business.

Entry Filed under: Insurance