Monday, March 26, 2012

Wall Street Recap: Dow Jones Rebounds 35 Points But Still Lower 1.1% wow

Wall Street Recap: Dow Jones rebounds 35 points but still lower 1.1% wow
The Dow Jones dropped as much as 43 points intraday amid weaker global manufacturing PMIs from China, France and Germany couple with declining U.S. Jan new homes sales.

However, the Dow Jones ended the day with a +34 points gain as a 1.4% surge in oil prices spurred energy shares, following report that Iranian crude exports could reduce by 30k barrels/day as buyers have stopped or scaled back purchases amid tightening sanctions by the West over a dispute over Tehran’s nuclear program.

Daily Dow Jones - Down Range Bound Trading Within 50-Days SMA And Upper Bollinger Band
DowJones26-03-2012



Source: StockCharts.com

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