Tuesday, September 6, 2011

Dow Jones Daily Shows More Negative Tone Ahead

Wall Street Outlook: Dow Jones closes for Labour Day holiday
The Dow Jones is expected to face further selling pressures when it reopens tonight following declines in equities around the globe, with the euro softening and the dollar and gold gaining on worries about Europe’s debts woes.

This week, key economic data to watch are Aug ISM (6 September) and Beuge Book report (7 September). Thereafter, investors will be keeping en eye on the highly anticipated speech from Obama on 8 September. Yesterday, Obama said spending to rebuild the nation’s infrastructure is a key component of his plan to reignite the economy and boost hiring.

Dow Jones Daily Shows More Negative Tone Ahead

Source: StockCharts.com

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