Dow Falls 31, Nasdaq Down 19
The Dow lost 30.58 points today to close at 11,95.02, the Nasdaq fell 18.89 points to close at 2,344.95 and the S&P 500 lost 5 points to close at 1,364. The markets had a small pullback today on inflation concerns, but managed to limit losses going into the heart of earnings season and next week's federal reserve meeting.
Trading volume was modest with 2.5 billion shares trading on the NYSE and 2.2 billion on the Nasdaq. Decliners topped advancers by a margin of 20:13 on the NYSE and 19:11 on the Nasdaq.
In individual stories, CBOT Holdings Inc. (NYSE: BOT) gained 13% after entering a $25 billion merger deal with Chicago Mercantile Exchange Holdings (NYSE: CME). On the downside, Triad Hospitals Inc. (NYSE: TRI) lost 7.5% following lower guidance due to an increase in doubtful accounts.
Tomorrow, investors will be looking for economic data on CPI, Core CPI, Housing Starts and Building Permits - all due at 8:30AM ET.
Trading volume was modest with 2.5 billion shares trading on the NYSE and 2.2 billion on the Nasdaq. Decliners topped advancers by a margin of 20:13 on the NYSE and 19:11 on the Nasdaq.
In individual stories, CBOT Holdings Inc. (NYSE: BOT) gained 13% after entering a $25 billion merger deal with Chicago Mercantile Exchange Holdings (NYSE: CME). On the downside, Triad Hospitals Inc. (NYSE: TRI) lost 7.5% following lower guidance due to an increase in doubtful accounts.
Tomorrow, investors will be looking for economic data on CPI, Core CPI, Housing Starts and Building Permits - all due at 8:30AM ET.
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