Wednesday, March 4, 2009

US mkts end with moderate loss; S&P ends below 700 for 1st time since Oct 1996 and Asian markets trading mixed; Nikkei down

US markets retreated as Federal Reserve Chairman Bernanke said that economic prospects remain uncertain and said more action will be necessary to jolt the economy out of the financial crisis. The S&P ended a few points below the 700 mark for the first time since October 1996.
The Dow Jones closed at 6,726.02, down 37.27 points or 0.6%. The S&P 500 Index closed at 696.33 to fall 4.49 points or 0.6%. The Nasdaq Composite Index ended at 1,321.01, down 1.84 points or 0.1%. The Nasdaq was the best performer of the three major indexes, shedding less than 2 points to close at 1,321.01 amid strength in tech stocks.


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