Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, June 24, 2010

Not enough?

While there were bits of good news today, investors declared it wasn't enough. Jobless claims dropped slightly. Oracle's earnings are up 25%, and people are lined up around the block for the new Apple IPhone. What gives with the big drop at the end of the day? Financial reform is coming down to the wire, affecting that sector. Pfizer announced plans to pull a major drug, and other earnings were not as stellar as expected. The result was an end of the day drop for all indices. DJIA -145.64 NASDAQ -36.81 S&P 500 -18.35