Go Finance Reporting in NEW YORK - Despite some positive sentiment coloring stock trading, the index of Wall Street seemed stagnant.
S & P 500 index also failed to break the latest record. Market participants seem to be careful near the end of season financial report which indicated the volume to its lowest level this year and suggested the recent rally may be fading.
"The volume appears low due to a number of market participants appear to wait and see on the situation," said Solaris Asset Management chief investment officer Tim Ghriskey told Reuters, in Bedford, New York.
While the President of McMillan Analysis Corp. Larry McMillan said the market due to short-term correction as technical indicators show the market overbought. "Overall, the market is still bullish, but the market looks tired as overbought. With the end of the month the influence of the financial statements. Perhaps this strengthening trend soon ended," he said.
In trading Monday (04/04/2011) local time, the Dow Jones industrial rose 23.31 points, or 0.19 percent, to 12400.03. The broader Standard & Poor's 500 index rose only 0.46 points, or 0.03 percent, to 1332.87. While the Nasdaq Composite Index fell 0.41 points, or even 0.01 percent to 2789.19.
The volume of transactions recorded just 5.94 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, the lowest year and below the estimated daily average of 8.47 billion last year. (GoFinance)
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