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Inside Markets

Switzer Daily
19 June 2009

 US investors showed caution in Tuesday's session over ongoing concerns about car manufacturers and the banks. Technology stocks declined, but blue-chips made gains. 

The Dow Jones gained 50 points, or 0.6%, to 8469. 

The Nasdaq composite lost 15 points, or 0.9%, to 1715. 

The S&P 500 index was steady at 908. 

Financial stocks were responsible for most of the market movement on Tuesday. Citigroup shares fell after revealing it was to make new loans using $45 billion in Troubled Asset Relief Program (TARP) funds.

The US will get April retail sales on Wednesday. Steady sales figures are predicted after they fell by 1.2% in March. 

The Oz dollar is up to 76.64 US cents.

I’ll offer my budget views tomorrow after having a good look at all the information available.

Have a great day,

Peter


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