03 March, 2008

Late Session Recovery helps Stocks End Flat

After another lackluster trading session, following Friday's overwhelming bearish day, stocks held up in the afternoon and rallied to finish mainly flat. The Dow Jones finished the day own 7 points while the Nasdaq was down 12.

Technology and Financials were the biggest sectors in the red as Oil surged towards a $104/barrel record. Oil closed at around $102, a couple dollars off of the high. More economic metrics were on tap for today as well, most notably US Manufacturing Activity (48.3 vs 48.1 expected). This indicated a lesser contraction than the market expected but not enough to woo anyone in the Trader's seat that we're through this economic slowing period.

Of note in the world of the WC Power Tech Fund Investment Blog; Tomorrow a post comes from a guest contributor with regards to Small-cap and Micro-cap Investing.

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