Thursday, October 4, 2012

Daily Dow Jones: More Range Bound Consolidation Within The 13200-13700 Bands.

Dow Jones Recap: Dow Jones ends flat ahead of key job data
The Dow Jones was higher by as many as 54 points after better-than-expected readings on the ADP report and ISM services data. Nevertheless, early gains were reduced to 12 points as ongoing worries over a global slowdown kept investors on edge following disappointing China’s PMI services index and the euro zone composite PMI data. Sentiment remains cautious ahead of the nonfarm payroll reports (5 October) as well as the kickoff of 3Q12 earnings next week, following another negative forecasts from Dow Jones' components i.e Hewlett Packard, which saw its price nosedived 13% to US$14.91.  

Daily Dow Jones - More Range Bound Consolidation Within The 13200-13700 Bands. DowJones04-10-2012

Source: StockCharts.com



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