Wednesday, April 11, 2012

Daily Dow Jones: Technical Rebound May Continue As Indicators Are Bottoming Up

Wall Street Recap:Dow Jones halts a 5-day plunge
After a 5-d slump of 548 points, the Dow Jones jumped 90 points to 12805, as concerns about Europe eased and hopes for a better-than-expected earnings season rose. On late Tuesday, Alcoa reported a surprise 1Q12 profit, lifting hopes for corporate earnings as the quarterly reporting period gets underway. This week’s other key earnings announcements include Google, JP Morgan, Wells Fargo while key economic reports are consumer sentiment and CPI.

Meanwhile, European markets also recovered as investors welcomed declining yields on Spanish and Italian bonds after Spain’s prime minister said the country wouldn’t need a bailout.

Daily Dow Jones - Technical Rebound May Continue As Indicators Are Bottoming Up
DowJones12-04-2012



Source: StockCharts.com

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...
 
Business