Apr 2004 Financial News

US - Stocks Undecided on Mixed News

Apr 15, 2004

The market was undecided today, and managed to end the session just slightly under the unchanged mark. Investors were dealing with conflicting news, with reports of inflation and interest rates rising being tempered by encouraging earnings reports. This was in sharp contrast to yesterday’s session, where stocks experienced a sharp sell-off due to fears of an interest rate increase. Oddly enough, the fears of a rate increase were due to the strong rise in retail sales and positive earnings news reported yesterday, the same type of positive earnings news that encouraged buyers today. Sectors that lagged today included the metal mining, restaurant, gold and real estate sectors, while those that showed leadership included the transportation, chemical and drug sectors.

Source: InvestorGuide.com