Go Finance Reporting NEW YORK - The stock market is the United States (U.S.) back close higher amid conflicts in Egypt, which remains a concern of investors. But, stock indices have been regarded as overbought and profit-taking threat.
Investors seem optimistic if the private employment data will be able to accommodate more unemployment than expected.
As quoted by Reuters on Thursday (02/03/2011), Dow Jones Industrial rose 1.81 points, or 0.02 percent, to 12041.97. Standard & Poor's index fell 3.56 points, or 0.27 percent to 1304.03. The Nasdaq Composite Index dropped 1.63 points, or 0.06 percent, to 2749.56.
"If the movement of the stock market like this, then the index should be corrected to get ready for more than five percent. And what sectors will be corrected? it is a semi-conductor sector,"said chief investment strategist at Blue Marble Research Vinny Catalano in New York.
While the volume of trade is not affected by the harsh winter storms that brought parts of the Midwest United States to stop. Volume on the NYSE, Amex and Nasdaq reached 7.26 billion shares compared with a daily average of about 8.47 billion years ago. (GoFinance)
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