US Markets (DOW and NASDAQ) Today : March 31,2008

Source : CNN

Walstreet end higher today, which is the last day of the 1st Quarter. The 1st Quarter is terrible for the walstreet. Dow closed with 46 point up and so as NASDAQ with 0.79%.

Triggers & highlights :
1. Falling crude oil prices and other commodities
2. The Bush Administration's proposed financial regulation overhaul
3. The dollar rose versus the euro and the yen.

Critical for This week :
1.Tuesday : report on ISM manufacturing index
2.Thursday : report on ISM services sector index
3.Friday : The monthly jobs report.

It was the worst quarter for the major indexes on Walstreet since the third quarter of 2002.

Impact on India : India should open up in the green after a major sell off by FII in yesterday's session. Asia is doing good at the moment with Nikeei gaining by more than 1.5%. But interesting to see, if today's up move will stay and market can sustain above 4800 levels.