Today’s close: down 1.56%
Bad news on the housing and GDP fronts drove the broader markets down, with Caterpillar dropping 1.56 percent vs. a 1.18 percent loss on the Dow Jones Industrial Average. Holiday week volume is dropping; yesterday’s was 9.1 million, today’s was 6.4 million.
Tuesday’s numbers:
- Monday’s close, 41.78
- Today’s open, 42.08
- Range: 40.65 – 42.27
- Close: 41.13, down 0.65 (-1.56%)
- Volume: 6,445,283
The Indexes:
- Dow, 8419.49, -100.28 (-1.18%)
- S&P 500, 863.16, -8.47 (-0.97%)
- Nasdaq, 1521.54 -10.81 (-.71%)
It looks like we’re getting the traditional bear market slope of hope — small losses every day gradually eating away at all the gains.