Markets closed down on Wall Street: DJI -1.39% SP500 -1.79% Nasdaq -2.48% Gold +1.28%
The markets were down because:
- Every trader in the world clicked “sell” when the Dow hit 12,000 and the S&P 500 hit 1,300. We’ll have to wait for the follow through days to see whether the rally loses real steam. Can the Major Indexes Break Above Significant Technical Levels? >>
- The riots in Egypt have brought Geo-Political risk back to the stage. Oil (NYSE:USO) was the big winner as violence, riots, and fear spread. On another note, Check Out these awesome charts of today’s US GDP number in historical perspective >>
- Gold (NYSE:GLD) and Silver (NYSE:SLV) followed Oil into the portfolios of fear. Don’t Miss: Spec Money Exits Gold & Silver but Remains Heavily Long Other Markets >>
Here are today’s Top Moving Stocks:
- Ford Motor Company (NYSE:F), Monster Worldwide, Inc. (NYSE:MWW), SAVVIS, Inc. (NASDAQ:SVVS), Rackspace Hosting, Inc. (NYSE:RAX), Equinix, Inc. (NASDAQ:EQIX), International Business Machines Corp. (NYSE:IBM), Akamai Technologies, Inc. (NASDAQ:AKAM), Computer Sciences Corporation (NYSE:CSC), Amazon (NASDAQ:AMZN), Microsoft Corporation (NYSE:FRO), Coherent, Inc. (NASDAQ:COHR), Chevron Corporation (NYSE:CVX), Honeywell International Inc (NYSE:HON).
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