Ticker Of The Week: Nasdaq 100 (NDX)
Mar 23rd, 2009 | By Jim Stanton | Category: Featured, Stock Market InvestingSince the current rally began two weeks ago, the Nasdaq 100 (NDX) indexes have performed stronger than the rest.
Since the current rally began two weeks ago, the Nasdaq 100 (NDX) indexes have performed stronger than the rest.
“Monumental beating” is how MarketWatch is calling it this morning for U.S. stocks.
U.S. stock futures pointed to another monumental beating on Friday – with leading contracts falling as much as rules allow — as a plunge in Asia reignited concerns about the health of the global economy.
S&P 500 futures dropped 60 points to 855.20 and Nasdaq 100 futures fell 85 points to 1,168.50. Dow industrial futures fell 550 points.
All three contracts fell so much that they reached pre-specified limits that can’t be broken until pit trading opens.
Thursday’s session for U.S. stocks was erratic but generally positive, with the Dow Jones Industrial Average closing 172 points higher and the S&P 500 rising 11 points, though the Nasdaq Composite slipped 11 points.
U.S. stocks posted their biggest decline in two weeks early today (Friday) after an unexpected profit decline by General Electric Co. (GE) reignited worries that the credit crunch is causing more damage than investors realize.
U.S. markets headed lower today (Wednesday) on profit and recessionary worries.
U.S. markets dropped on a disappointing initial round of first-quarter earnings.