Top 3 Reasons Today’s Markets Were Down
Markets closed up on Wall Street: DJI –0.20% SP500 -0.48% Nasdaq -0.63% Gold +1.44%
The markets were down because:
- Yesterday’s Federal Reserve policy update was an uppercut to the US Dollar. But at least Gold spiked to a higher record. Don’t Miss: Gold is on Fire. But Silver may be Hotter >
- Adobe (ADBE) and Microsoft (MSFT) took a bath on disappointing news. Adobe lost 19% after last night’s earnings, and Microsoft’s new dividend took a bite out of equity appreciation. Check out our coverage of Adobe’s earnings >
- Traders pushed the SP 500 (SPY) back below 1144. Can someone say, “Stop loss”? Now that SP 500 1144 is here, Who Will Win the Battle? >
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