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Reply #62: Closing numbers...and confirmation of "light volume." [View All]

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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-16-04 03:45 PM
Response to Original message
62. Closing numbers...and confirmation of "light volume."
Edited on Mon Aug-16-04 03:50 PM by KoKo01

Dow 9,954.55 +129.20 (+1.31%)
Nasdaq 1,782.84 +25.62 (+1.46%)
S&P 500 1,079.34 +14.54 (+1.37%)
10-Yr Bond 4.258% +0.045
NYSE Volume 1,206,377,000
Nasdaq Volume 1,289,723,000


New York Stock Exchange volume was a relatively light 741 million shares, with advancers outrunning decliners by more than 3 to 1.

"Business capital spending, especially energy-intensive investments, is likely to be postponed or canceled until the energy picture becomes clearer, dampening economic growth," said Sung Won Sohn, chief economist at Wells Fargo & Co., in Minneapolis.

"A concern is that the terror premium won't go away soon, building in the expectation of high oil prices for a considerable period."
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