Stock Market Commentary for Saturday, July 16, 2005
The market continued to limp on in limbo mode on Friday as the recent run-up is gradually digested. The good news was that there was no dramatic amount of negative sentiment evident in the market. NASDAQ limped to a modest 3.96-point gain, setting yet another new closing high for the year.
The economic data was mixed, but reasonably decent. No new news here.
NASDAQ trading volume was very light (1.54 billion shares), and breadth was modestly positive, with 1.08 gainers for each loser.
posted by Jack Krupansky @ 6:46 PM
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