Top 3 Reasons Today’s Markets Were Down
This story from Wall Street Cheat Sheet
Markets closed down on Wall Street: DJI -0.02% SP500 -0.13% Nasdaq -0.77% Gold -1.73%
The markets were down because:
- China’s (NYSE:FXI) GDP report is starting to scare people about inflation. That’s why we’re in the red on a day with some good econ data and a nice beat by Morgan Stanley (NYSE:MS). Check Out: Existing Homes Sales Jump Most in 30 Years >>
- Initial Unemployment Claims improved, but remain above 400,000. Here’s the Charts to Put Unemployment in Historical Perspective >>
- Gold (NYSE:GLD) got dropkicked. Usually inflation talk brings buyers to Gold — not today. Don’t Miss: Gold & Silver Premium Vastly Outperforms with 86.5% Return in 2010>>
Here are today’s Top Moving Stocks:
- Morgan Stanley (NYSE:MS), Google (NASDAQ:GOOG), Intuitive Surgical, Inc. (NASDAQ:ISRG), Walmart (NYSE:WMT), JPMorgan (NYSE:JPM), Wendy’s Arby’s Group Inc. (NYSE:WEN), eBay (NASDAQ:EBAY), F5 Networks, Inc. (NASDAQ:FFIV), Dillard’s, Inc. (NYSE:DDS), Advanced Micro Devices, Inc. (NYSE:AMD), Skyworks Solutions, Inc. (NASDAQ:SWKS), Capital One Financial Corp. (NYSE:COF), Southwest Airlines Company (NYSE:LUV).Now See Why These Shares Moved >>
Fresh Off the Press! Our Market Outlook 2011 is here. You won’t want to invest without it >>
Read more at Wall Street Cheat Sheet – The Trade
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