Tuesday, April 5, 2011

Wall Street Recap: Dow Jones Industrial Average Up 23 Points Ahead of Bernanke Speech, 05-04-2011

U.S. stocks wavered in light volume, as investors debated the outlook for U.S. monetary policy and eyed the impact of rising prices for oil and other commodities, before ISM non-manufacturing data and Fed FOMC minutes release today. Sentiment was also cautious ahead of the 1Q2011 reporting season next week. The Dow Jones Industrial Average closed up 23.31 pts or 0.19% to 12400.03. The S&P 500-stock index closed up a fraction at 1332.87.

On corporate front, chips shares rose after hours as Texas said it could acquire National Semiconductor for US$6.5 billion or US$25/share but Nasdaq ended flat during normal hours after the SIA said February sales fell 1.1% mom.

Daily DJIA: Short Term Uptrend Still Intact Unless Falling Below The 5-Days SMA.
DowJones05-04-2011


Source: StockCharts.com

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