Last Update: March 09, 2010 16:17 ET

Wall St Closing Bell, Stocks Close Flat

Wall Street managed to post modest gains on Tuesday.Investors were cautious as Wall Street marked the anniversary of the stock market’s 12-year low set on March 9, 2009, amid the financial crisis stemming from a home mortgage meltdown.

Since then, the blue-chip Dow index has rallied more than 62 per cent.

With little in the way of economic reports or earnings to help drive shares higher, investors are taking a breather after major indices rose the past few weeks.

Dow 10,564.38 +11.86 (0.11%)
S&P 500 1,140.44 +1.94 (0.17%)
Nasdaq 2,340.68 +8.47 (0.36%)

European stocks ended little changed on Tuesday amid uncertainty over Europe’s economic recovery.

The FTSE 100 index fell 4.42 points, or 0.08 per cent, at 5602.30 points.

The German DAX rose 9.98 points, or 0.17 per cent, to 5885.89 points and in France, the CAC 40 rose 6.47 points, or 0.17 per cent, to 3910.01.

Commodities

Oil prices dipped slightly on Tuesday as the US dollar rose and investors turned their attention to upcoming inventory data.

At the end of the day, New York’s main contract, light sweet crude for April delivery, settled down 38 US cents at $US81.49 a barrel.

The euro fell as low as $US1.3537 on Tuesday as investors sought the safe-haven US dollar after ratings agencies warned about deteriorating credit quality in Europe.

A stronger US unit makes US dollar-denominated oil more expensive for buyers holding other currencies, and therefore tends to dent crude demand and prices.

The US Department of Energy (DoE) will publish its latest weekly snapshot of US crude inventories on Wednesday.

In London, Brent North Sea crude for April delivery shed 20 US cents to to $US80.27 a barrel.

Gold for April delivery fell $US1.70 to settle at $US1122.30 an ounce.

Silver for May delivery rose 6.6 US cents to settle at $US17.338 an ounce.

Copper for May delivery rose 0.01 US cent to settle at $US3.4115 per pound.

Global Market Indexes
Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
11917.13
-46.71 (-0.39%)
+57.49%
Mar 09, 4:00pm
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Mexican Bolsa IPC Index
32514.65
-5.62 (-0.02%)
+91.66%
Mar 09, 4:00pm
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Brazil Bovespa Index
69600.79
+1025.32 (1.50%)
+89.44%
Mar 09, 4:00pm
flag
Argentina Merval Index
2319.14
+10.73 (0.46%)
+143.44%
Mar 09, 4:00pm
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Chile IPSA Index
3792.35
-6.47 (-0.17%)
+59.85%
Mar 09, 4:00pm
Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
10567.65
+0.00 (0.00%)
+49.13%
Mar 09, 4:00pm
flag
ASX All Ordinaries
4829.30
+0.00 (0.00%)
+54.70%
Mar 09, 4:00pm
flag
Seoul Composite
1660.83
+0.00 (0.00%)
+54.97%
Mar 09, 4:00pm
flag
Hong Kong Hang Seng
21207.55
+10.68 (0.05%)
+86.94%
Mar 09, 4:00pm
flag
Shanghai
3069.14
+15.91 (0.52%)
+44.86%
Mar 09, 4:00pm
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Taiwan Weighted
7770.59
+0.00 (0.00%)
+67.90%
Mar 09, 4:00pm
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Singapore Straits Times
2839.54
+4.97 (0.18%)
+94.90%
Mar 09, 4:00pm
flag
Bombay Sensex Index
17052.54
+0.00 (0.00%)
+108.97%
Mar 09, 4:00pm
flag
Jakarta Composite
2657.17
+0.00 (0.00%)
+106.51%
Mar 09, 4:00pm
flag
Kuala Lumpur Composite
1317.94
-6.28 (-0.47%)
+53.57%
Mar 09, 4:00pm
flag
PSE Composite
3107.35
+12.37 (0.40%)
+64.36%
Mar 09, 4:00pm
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Sri Lanka All Share
3809.01
-26.05 (-0.68%)
+133.58%
Mar 09, 4:00pm
Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5602.30
-4.42 (-0.08%)
+58.15%
Mar 09, 4:00pm
flag
Paris CAC 40
3910.01
+6.47 (0.17%)
+55.20%
Mar 09, 4:00pm
flag
Frankfurt Index
5885.89
+9.98 (0.17%)
+59.42%
Mar 09, 4:00pm
flag
Milan BCI General
15743.00
+0.00 (0.00%)
+49.31%
Mar 08, 5:30pm
flag
Belgium 20 Index
2606.31
+5.48 (0.21%)
+67.82%
Mar 09, 4:00pm
flag
Swiss Market Index
6868.32
+17.12 (0.25%)
+59.44%
Mar 09, 4:00pm
flag
OSE Norway All Share
415.23
-0.74 (-0.18%)
+66.41%
Mar 09, 4:00pm
flag
ATX Vienna
2486.24
-6.01 (-0.24%)
+76.09%
Mar 09, 4:00pm
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Amsterdam Total Return General
339.09
+0.92 (0.27%)
+70.18%
Mar 09, 4:00pm
flag
Madrid General
1141.00
-8.38 (-0.73%)
+59.28%
Mar 09, 4:00pm
flag
Stockholm General Index
315.89
-0.65 (-0.21%)
+67.91%
Mar 09, 4:00pm
Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1132.32
-7.10 (-0.62%)
+96.69%
Mar 09, 10:45am
flag
TEL-TECH INDEX
317.78
-3.88 (-1.21%)
+107.82%
Mar 09, 10:45am
flag
TEL-TECH-15 INDEX
273.85
-2.59 (-0.94%)
+95.05%
Mar 09, 10:45am

 

Regional Currencies (USD per)
Americas
Price
Change (%)
flag
Canadian dollar
1.025
-0.00 (-0.21%)
flag
Mexican peso
12.63
-0.04 (-0.28%)
flag
Brazilian Real
1.792
+0.00 (0.18%)
flag
Argentine Peso
3.855
-0.00 (-0.09%)
Asia Pacific
Price
Change (%)
flag
Japanese yen
89.95
-0.35 (-0.39%)
flag
Australian dollar
1.094
-0.01 (-0.51%)
flag
Hong Kong dollar
7.760
+0.00 (0.02%)
flag
Chinese yuan
6.831
+0.00 (0.06%)
Europe
Price
Change (%)
flag
Euro
0.7352
+0.00 (0.23%)
flag
Pound sterling
0.6667
+0.00 (0.41%)
flag
Swiss franc
1.075
+0.00 (0.18%)
flag
Swedish krona
7.133
+0.03 (0.40%)
Africa
Price
Change (%)
flag
South African rand
7.402
+0.04 (0.61%)
flag
Egyptian pound
5.477
-0.00 (-0.04%)
flag
Namibian dollar
7.341
-0.10 (-1.30%)
flag
Tunisian dinar
1.382
+0.01 (0.38%)
Middle East
Price
Change (%)
flag
Israeli new sheqel
3.764
-0.01 (-0.23%)
flag
Kuwaiti dinar
0.2895
+0.00 (0.49%)
flag
Saudi riyal
3.750
+0.00 (0.00%)
flag
Iraqi Dinar
1167.40
+0.00 (0.00%)

Shayne Heffernan www.livetradingnews.com

Posted by Shayne Heffernan on Mar 9th, 2010 and filed under Latest News, USA. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

1 Response for “Wall St Closing Bell, Stocks Close Flat”

  1. MarketInsider says:

    Todays Market Cap..( Briefing.com)

    Sector performance (% change on day): Telecom (+1.2%), Industrials (+0.8%), Tech (+0.4%), Financials (+0.3%), Energy (+0.1%). Materials (-0.5%), Utilities (-0.3%), Consumer Staples (-0.2%), Health Care (-0.1%), Consumer Discretionary (-0.1%).

    Stocks are also just 1% off of their 52-week highs, which were reached in mid-January. A stronger dollar has been a hurdle for stocks to return to that mark, though. The buck advanced a mere 0.1% this session, but that was only after it pared its gain. Initially, the greenback garnered support as the euro and British pound were pressured by news that analysts at Fitch kept a Negative outlook in place for Portugal’s AA rating and that Britain’s plan to halve its deficit in four years was determined to be too slow.

    Treasuries came into focus with news that a $40 billion auction of 3-year Notes attracted a bid-to-cover ratio of 3.1, which is above the recent average of 2.9, and an indirect bid of 51.8%, which is on par with the recent average of 52%.

    G/L_1

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