Feb 24, 2014

Morning Market Report

An unsteady day on the Dow Jones.

The market is up 28 points.

The Dow Jones was down 30 points at 16,103.  The Dow rose as much as 59 in early trade and fell during the day. A late afternoon rally couldn’t be sustained and the market finished on its lows in a 100 point range. Initial strength was led by the tech sector but weaker than expected housing data, although once again said to have been negatively impacted by bad weather, triggered a switch in sentiment.  Some analysts are now questioning how long the weather-related effect will last and how quickly the economy will be able to bounce back.

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