Markets ended in negative territory following the trend of lows of first day of every week. Dow down by 0.2% where as NASDAQ up by 0.2%
Triggers
1. Weaker than expected earnings from Bank of America
2. record high for oil and gas prices
3. record low for dollar against EURO.
Impact on India
Indian markets can test the levels of 5000 that established yesterday after many week's. With the negative cues coming from US, the Asian Markets are trading in red zone at the moment and India also might see similar treatment by investors and traders. There could be some profit booking in today's trade in IT and Commodities stocks.Interesting to see if markets can close above 5000.
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