Independent, Fee-Only Financial Advisor
Thursday, July 07, 2005
A Calmer End to the Day
The morning started wild with word of bombings in London. Before market opening in the U.S., futures were looking grim. The morning showed a 1/2% downturn, but by mid-afternoon, things had calmed down. I don't know if we're getting used to these events (that's a strange thought) or if we, as Americans, simply aren't as concerned about overseas problems. Regardless, our markets ended with an up day. Dow +31.61 NASDAQ +7.01 S&P 500 +2.93 Meanwhile, attentions turned back to the Gulf of Mexico as Hurricane Dennis (now a category 3) churns for the U.S. Check out its path. This event, closer to home, may cause more of a stir on Wall Street.