US Markets (DOW and NASDAQ) Today : April 14,2008

US markets are down again for the week starting today on account of weak expected earnings season. Dow lost by 0.2% so as NASDAQ which closed the day with 0.6% down

Triggers

1. better than expected March retail sales report

2. Wachovia quarter loss of 20 cents per share vs a profit of $1.20 a year earlier

3. Blockbuster bid for circuit city

4. crude oil rise , to settle at $111.76 per barrel

5. Dollar fall vs Euro and YEN

Impact On India : With the weak cues coming from Market, today Indian markets can open with slight negative and follow-up for the day would be based on kind of guidance Infosys provides to Market. Asian Markets are mixed with NIKKEI in positive territory and HANG SENG in negative territory. Whole IT sector will take cues from today's results from IT major Infosys Technologies Ltd