Dow Jones Second Decline In Three Sessions
November 4th, 2009 by Lawrence Grasso
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 9771.91 | -17.53 | -0.2% |
| NASDAQ | 2057.32 | 8.12 | 0.4% |
| S P 500 | 1045.41 | 2.53 | 0.2% |
| FTSE 100 | 5037.21 | -67.29 | -1.3% |
| Nikkei 225 | 9802.95 | -231.79 | -2.3% |
| ASX 200 | 4,531 | -8.9 | -0.2% |
| COMEX Gold - Dec 09 | 1084.9 | 30.9 | 2.9% |
| COMEX Silver - Sep 09 | 17.18 | 0.74 | 4.5% |
| COMEX Copper - Sep 09 | 295.6 | 1.1 | 0.4% |
| WTI Spot | 79.6 | 1.47 | 1.9% |
| AUD-USD | 0.9028 | -0.0012 | -0.1% |
| Aluminium | 1869 | -34 | -1.8% |
| Copper | 6473 | -102 | -1.6% |
| Lead | 2260 | -62 | -2.7% |
| Nickel | 18170 | -295 | -1.6% |
| Tin | 14900 | 145 | 1.0% |
| Zinc | 2145 | -50 | -2.3% |
The Dow Jones Industrial Average closed down 17.53 points, or 0.18%, to 9771.91, marking its second decline in three sessions. Wall street had a mixed session as most U.S. stocks rose after Warren Buffett agreed to buy Burlington Northern Santa Fe Corp and Stanley Works said it will take over Black & Decker Corp. While technology shares fell on an analyst downgrade of chipmakers.
On the local front today the XJO should open flat, with a potential for a bounce as the market finds its feet. The gold miners (NCM, LGL, SBM) will be in the spot light today as spot gold bounce $30.90 to $1084.90 an ounce. Keep an eye on the oilers as well to make a late run with spot oil finding itself comfortable around the $80 level.
It would be good today to see the market have a bounce off the 4550 level and head back through 4600. If this is the case XJO will cement itself back in a comfortable trading range between 4600-4900.
For those clients that are waiting for a bounce before selling calls, make sure you are not leaving it too late to pick up premium for November. Contact your broker today to discuss what premiums are being offered over your positions.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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