Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, October 17, 2007

Mixed Day

NASDAQ took off this morning and stayed in positive territory all day. The tech news from yesterday was the driver on this index. The result was a 1% gain. The story was not the same for large-caps, though. The Dow started off big, then saw its gains whittled away. By closing, the numbers were slightly in the red. Ebay's bottom line is a loss, but that's not all bad. It posted a 30% increase in revenue. The loss was attributed to the Skype acquisition. Geopolitical concerns are taking over, as Turkey and Iraq begin the sabre rattling! DJIA -20.40 NASDAQ +28.76 S&P 500 +2.71