Stock Market At A Glance - Inching Higher On Lower Volume

Posted by admin

November 3, 2009

Market is trending higher on lower and lower volume after big volume breakdown below key support levels of 50 DMA. Even the news that Warren Buffet’s Berkshire Hathaway (BRK.A) will be acquiring Burlington Northern Santa Fe (BNI), the nation’s second-largest railroad for a record $34 billion could not bring cheers to the market.

Index	Close	Change	% Change	Trend
Dow Jones	9771.91	-17.53	-0.18%	DOWN
S&P 500	1045.41	+2.53	+0.24%	DOWN
Nasdaq	2057.32	+8.12	+0.40%	DOWN

Gold broke to new highs on the news that Indian central bank is going to buy 200 metric tons of bullion. Gold ended the day higher by 30.90 (2.9%) to close at 1084.90 an ounce.