Closing Market News March 27, 2007
The Dow closed down 71.78 at 12,397.29 and the Nasdaq closed down 18.20 at 2437.43.
June E-mini S&P futures closed down 4.75 at 1440.50 and Nasdaq 100 futures closed down 8.00 at 1810.25. June E-mini S&P futures total volume was below average. June 30 yr. T-Bonds closed down 0-08 at 111-24.
May Oil futures closed up .02 at 62.93 and April Natural Gas futures closed up .25 at 7.50.
Grains were mixed with May Wheat down 4 cents at 4.54, May Beans were 1 ½ cent lower closing at 7.57, and May Corn futures closed up 1 ½ cent at 3.92 ½.
April Live Cattle closed down 1.225 at 96.825 and May Feeder Cattle closed down 1.00 at 106.95. April Lean Hogs closed down 0.425 at 63.375.
“ Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed.”
Author: Dwight D. Eisenhower
AS I SEE IT: Even though the market was lower today it would not be unusual for a market rally later in the week as the Window Dressing time grows near. That said, it is hard to tell in the short-term where this market is going because of the situation in the
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