Monday, June 14, 2010

Roller Coaster Ride

DOW down 20.18 to 10190.89
Nasdaq up 0.36 to 2243.96
S&P 500 down 1.97 to 1089.63

The Dow was up fr most of the day today being led by tech stocks and gaming stocks. Then THQ announced that its sales were much lower than expected and the stcks began its tumble. Bank stocks were on the down side the entire day while energy stocks were a seesaw just like the DOW. Europe's debt crept back into the stock market as investors were anxious and Moody downgraded Greece's debt to junk status.

BP's board discussed suspending the dividend's today as the stock continued to fall. Oil prices, which have been declining for 6 weeks now is looking to increase dramatically over the next month as the fourth of July is upcoming. Basically everything for today. Look for a downturn tomorrow unless BP comes up with big news or banks find some hidden money somewhere.

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