Friday, June 25, 2010

Dow down on the week

Dow down 8.99 to 10,143.81
Nasdaq up 6.06 to 2,223.48
S&P 500 up 3.07 to 1076.76

The stock market today fluctuated as banks sorted out a financial regulation so that what happened last year could not occur again. BP shares hit a new 14-year low as they announce the relief well is on target. Bank stocks soared as the new financial regulation was passed. The commerce department released a new study today that the second half of the year will be just as slow as the first due to decreased spending by consumers, businesses and governments. This means a lower recovery as the world is desperately trying to get the world going on a worldwide economic recovery.

If anyone reading wants to start trading and open an account with Scottrade, right now they are offering 3 free trades to YOU if you sign up using someone's referral link so if you are thinking about it let me know and I'll send you mine.

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