May 8, 2014

Morning Market Report

Small gains on the local market, as companies keep their cost cutting on track.

The market is up 28 points. The Dow Jones was up 118 points at 16,519 — The market opened stronger on positive developments in Ukraine/Russia but early gains were lost and the market was down as much as 44 points at one stage. The Dow and S&P rebounded after comments from the Fed but technology stocks weighed on the NASDAQ. Volume was about average and the Dow closed near its highs in a 170 point range.


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