Thursday, June 16, 2005

Stock Market Commentary for Friday, June 17, 2005

The market stumbled a little at the open on Thursday and struggled a little with a weak manufacturing report at noon, but ultimately soldiered ahead, with Nasdaq rising a moderate 14.23 points.  There was clearly at least a little real buying interest to keep the market with a positive tone.

The economic data remains mixed, as usual.

Nasdaq trading volume was moderate (1.87 billion shares), and breadth was almost strongly positive, with 1.93 gainers for each loser.

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