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US Maket closed the week in red for the 4th day
- Filed under: World Market
- Date: Mar 29,2008
The Dow Jones industrial average (INDU) lost 0.7%, while the broader Standard & Poor’s 500 (SPX) index lost 0.8%. The Nasdaq composite (COMP) lost nearly 0.9%.Market was in gree for most part of the day and after noon it came to red.
What Moved the Market
>Retailers under selling pressure after JCP issued downside first quarter earnings guidance
>Financials get clipped: Oppenheimer said bank earnings will not support current dividend levels in 2008
>February personal income higher than expected, spending and Core PCE are in-line with estimates
