Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, January 18, 2006

A First for Tokyo

Tokyo had to shut down trading half an hour early today. It was the first time ever that trading was suspended across the board. Closed in an effort to keep computers from being overwhelmed by a flood of sell orders, the exchange stated it would resume normal trading tomorrow, although there were no guarantees that it be remain open all day. This early close caused a slight slump today; the Nasdaq was down 1% from disappointments in Intel and Yahoo results. eBay played a small part in that slump, for although its sales were high during the holiday season, investors were slightly disappointed and shares fell late today. I'm ready for the market to be back up! DOW: -41.46 Nasdaq: -23.05 S&P 500: -5.00