Stock Market Commentary for Friday, July 1, 2005
The market survived yet another Fed FOMC announcement on Thursday with the usually degree of choppy volatility, with NASDAQ losing a moderate 11.93 points. Market reaction on an FOMC announcement day provides no clue as to the future market trend.
The economic data was rather mixed. No new news there.
NASDAQ trading volume was light (1.66 billion shares), and breadth was moderately negative, with 1.27 gainers for each loser.
posted by Jack Krupansky @ 12:51 AM
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