Monday, July 11, 2011

Dow Jones Drops 62 Points, Recovering From -152 Points Intraday

After sinking as much as 152 points intraday following dismal June payrolls and YTD high of 9.2% unemployment rate, the Dow Jones managed to recoup 90 points to close at 12657 points.

Despite last Friday’s 62 points decline, the Dow still gained 0.6% wow, ahead of the widely-anticipated earnings season this week. Earnings from Alcoa, JP Morgan and Citigroup, is likely to offer a key insight into 2H and the health of major companies.

Daily Dow Jones: More Profit Taking Consolidation Ahead


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