Dow Nasdaq S&P
Except for the DOW, Nasdaq and S&P markets fell after news came in that monetary funding may continue in 2010, but still made investors doubtful about continuity of stimulus measures. Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut, said: "There's a lot of conflicting signals as to whether we get a sharp year-end rally with money pouring in, or whether we start to see profit-taking as investors look ahead to a potential jobless recovery in 2010."
Dean Gulis, of Loomis Sayles & Co. in Bloomfield Hills, Michigan, said: "The market seems to go back and forth daily based on who reports earnings and what they report, and today you had a couple of modestly disappointing earnings repots. To some extent you’re having a reaction to a pretty strong day yesterday.”
Dow Jones advanced 20 points to 10,246. The S&P 500 index closed a fraction of a point lower at 1,093. The NASDAQ Composite also headed lower, shedding 3 points to close at 2,151.
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