The market is down 56, not even close to the 11 point gain the SFE Futures suggested this morning. It was down 13 at its best and down 51 at its worst.
The market is having a good if slightly disappointing day – up 77 and drifting. The Futures said we would be up 150 this morning on the back of Wall Street's blinder overnight, but the highest we got to was up 97. We peaked pretty much on the open and its been all downhill from there.
The NASDAQ OMX Group, Inc. announced that The NASDAQ Stock Market(r) (NASDAQ(r)) attracted more initial public offerings (IPOs) in the first quarter of 2008 than any other U.S. exchange.
Commodity markets were seemingly at cross purposes on Friday: some traders saw good news in the General Electric earnings slump and lowered outlook, others saw the downside as a major global industrial stock signalled its concerns about the US, European and world economic outlook.
The market is down 107 in reaction to Wall St's dismal Friday. 30 Dow companies report this week after a bad start to the season last week that saw UPS down 9.9%, Alcoa down 4.7% and GE down 12.8% on results.
Standard & Poor's, the world's leading index provider, announced that the world's emerging and developed equity markets were hit hard during the first quarter of 2008, losing 10.56% and 8.95% respectively during the first three months of the year.
The market is down 37 points with Tabcorp and Tattersalls accounting for 13 points off the ASX 200 after the loss of their Victorian monopolies yesterday. BHP also dragging the ASX200 down 9 points in a reversal of the China stake take hopes after a 6% rise this week.
The market is down 65 pretty much on the lows of the day. Bank sector, property trusts and media sectors dragging us down. Resources generally up small. The SFE Futures suggested a 25 point fall in the market this morning.
