Walstreet Today : March 20,2008

source : CNN Money

Walstreet ended up in green with both NASDAQ and DOW closing above the previous day's lows by gaining around 2% more.

Triggers :
1. Fall in commodity prices like oil(102 per barrel) and gold (920 an ounce)
2. Fed statement on availability of 75 billion to banks next week ( part of 200 billion announced last week to ease credit crunch, which market responded positively ( Full Story ))
3. Dollar recovery against YEN
4. Stabilization signs in Manufacturing sector

Tomorrow US markets will be close on account of Good Friday so as Indian Markets.

Impact on India : This may trigger some positive cues when market opens on Monday until unless there is some bad news on the way during weekends.

keep watching this space...