Dow Jones Industrial Average 08 Oct 2011
The Dow Jones Industrial Average (DJIA – 11,103.12) explored a range of nearly 181 points today, but eventually ended 20.2 points, or 0.2%, lower. Nevertheless, the blue-chip barometer maintained its perch atop both the 11,100 level and its 20-day moving average. Epitomizing the hot-and-cold session, 14 of the Dow's 30 components settled lower, with financial concerns Bank of America (BAC) and JPMorgan Chase (JPM) leading the laggards with losses of 6.1% and 5.2%, respectively. On the flip side, Wal-Mart Stores (WMT) paced the advancing equities with a gain of 1.8%.
For the week, the Dow tacked on 1.7%, but failed to conquer its 10-week trendline.
Likewise, the S&P 500 Index (SPX – 1,155.46) also traded on both sides of breakeven, but swallowed a loss of 9.5 points, or 0.8%, by the close. Unlike the Dow, though, the SPX failed to notch another victory atop its 20-day moving average. Finally, the Nasdaq Composite (COMP – 2,479.35) spent the most time in the red today, backpedaling 27.5 points, or 1.1%, by the bell. For the week, the SPX and COMP gained 2.1% and 2.7%, respectively.
FBM KLCI 07 Oct 2011
The FBM KLCI continued its rally for a third day, driven by the people-friendly Budget 2012 as well as more reassuring data and news from the United States and Europe.
The benchmark index closed 6.36 points higher at 1,400.05, on volume of 964.67 million shares.
Analysts say yesterday's volume of below one billion shares shows investors are still tentative and fearful. Analysts expect the feel-good factor to linger only over the short term, after which the realities of Europe's economy will dominate the market again.
HAPPY WEEKEND
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