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Tepid, unimpressive rally on the street

knowmoremedia.com » 2008 » June » 12th » Tepid, unimpressive rally on the street

Tagged: gps, mer, jpm, kss, anf, retailers, financials, stocks, fnm, bmy, dfs, etfc, igt, tjx, stock recap, retail sales data

Stocks rallied today so you would think it would be encouraging, but it really wasn't. The rally fizzled out as the day went on, with traders salvaging a very small gain after many days of large losses of late. The Dow finished the day higher by 58 points. The Nasdaq gained 10 points on the session. The S&P 500 gained 4 points, or 0.33%. What caused the market rally to fizzle out? It could … Continue Reading »

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