S&P ends string of losses on tech rebound
Trading was the busiest since mid-March, with more than 10 billion shares changing hands as the S&P dipped to a new low for 2011 before storming back to finish higher.UGG Boots;2010 New Arrivals;UGG Bailey Button Boots;UGG Gypsy Sandals;UGG Fluff Flip Flop Slipper
Technology shares gained after days of hefty selling that briefly pushed the UGG Tasmina Sandals into negative territory for 2011 before the composite index ended with solid gains.
But many investors view the gains as a short-term rebound after the S&P's 6.8 percent decline over the past seven days.UGG Sundance Ii Boots;UGG Ascot Slippers;UGG Fluff Scuff Ii;UGG Bags;UGG Classic Argyle Knit
"We are not in a bear market psychology yet, but we are definitely in a solid correction psychology," said James Dailey, portfolio manager of Team Asset Strategy Fund in Harrisburg, Pennsylvania.UGG Classic Cardy Boots;UGG Classic Mini Boots;UGG Classic Short Boots;UGG Classic Tall Boots
Recent poor figures on consumer spending and factory activity underline the economy's precarious position after a weak first half of the year. That, along with the festering European debt crisis, is likely to keep buyers cautious.UGG Coquette Slippers;UGG Infants Erin Boots;UGG Margot;UGG Nightfall Boots;UGG Ultimate Bind Boots;UGG Ultra Short Boots;UGG Ultra Tall Boots 8.4mansion
S&P ends string of losses on tech rebound
(1 post) (1 voice)-
ljw
MemberPosted 6 months ago #
Reply
You must log in to post.