| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Market Commentary: Markets Gap Down On Opening But Session Looks To Improve
Monday, May 5, 2014 7:23
% of readers think this story is Fact. Add your two cents.
Written by Gary
Opening Market Commentary For 05-05-2014
Premarkets were down 0.50% as Ukraine war issues refuses to go away. China manufacturing PMI misses 6th month in a row and home sales collapse 47% almost insuring a down session for this start of the week.
Markets opened down -0.70% with large gaps, which may mean a market reversal before the day is over. By 10 am the averages had melted off the opening lows on moderate volume and headed to close the gaps left at the opening.
Source: http://econintersect.com/b2evolution/blog5.php/2014/05/05/market-commentary-markets-gap-down-on-opening-but-session-looks-to-improve
