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Inside Markets

Inside Markets

Switzer Daily
19 June 2009

March winded up in America as the best month on the stock market in six years, but the quarter was another down and negative experience. For those who like numbers, the Dow put on close to 8%, the S&P 500 rose 11% and so did the Nasdaq.

To the latest closes and the two-day losing streak was broken overnight.

The Dow rose 87 points or 1.1% to 7,608.
 
The Nasdaq went up 27 points or 1.8% to 1,528.
 
The S&P 500 was up 10 points or 1.3% to 797.

Apart from the G20 meeting in London, which could be a market mover, later this week the Yanks could change mark-to-market rules which could ignite the stock market. Also next week, earnings season kicks off.

While earnings will be crook, what we hope for is some upbeat guidance and this could make or break the current rally.

Have a great day,

Peter 

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