Posted on 01/26/2010 1:13:03 PM PST by blam
Another Big Disappointment For The Bulls, As Markets End Lower
Vince Veneziani
Jan. 26, 2010, 4:01 PM
Despite meager gains yesterday and a lift off into the afternoon today, the major indices just couldn't take the sell offs and once again proved to be a disappointment for the bulls.
The Dow, NASDAQ, and the S&P 500 all ended modestly lower.
With China's economic lending tightening, the U.S. steel industry backed down and took a hit, as we previously discussed this morning.
Gold was a winner, squeezing out a gain of $2.50 to close just below $1100. Silver was down 2% at $16.80 an ounce.
Oil was down slightly at $74.69 a barrel.
[snip]
(Excerpt) Read more at businessinsider.com ...
Index Value: 10,194.29 Trade Time: 4:07PM ET
Change: -2.57 (0.03%)
Prev Close: 10,196.86
Open: 10,195.35
Day's Range: 10,155.60 - 10,285.13
52wk Range: 6,440.08 - 10,767.20
Is she the fat lady waiting for the right cue to come out of the wings and start singing?
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