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US equities fell again on Friday. This time the DJIA gave up 146 points.
US equities rose modestly on Thursday in spite of record gasoline and oil prices, with oil crossing the $124 per barrel price for the first time.
On Tuesday major averages finished moderately higher after beginning in negative territory. Normally this is a bullish sign; however, equity futures are currently negative for Wednesday's open.
Friday was yet another tumultuous down day for stocks. The DJIA gave up 195 points and our Viable Acquisitions Index fell from 150 points to 123 points for Monday's open.
Tuesday was a glorious day for US equity investors. The DJIA soared 416 points following action by the Federal Reserve Board to pump 200 billion dollars into the banking sector to shore up losses and ease credit.
Thursday stocks moved lower again with the DJIA closing down 214 points as we appeared to hit a perfect storm for equities. The US dollar fell as the price of crude oil climbed to over $105.00 per barrel.
The DJIA saw a 96-point rally on Friday. However, the overall improvement for the week was only slight. Since our last posting of 2/19, our viable acquisitions index has risen from a reading of 91 to a reading of 106 for Monday's open.
Friday, US equities finished mixed with the DJIA losing 28 points, the Nasdaq Composite losing 10 points, and the S&P 500 gaining one point.
Friday was yet another negative day for US equities. The major averages finished mixed, with the DJIA down 64 points and the Nasdaq Composite up 11 points.
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