Dow Jones falling as heavy profit taking happening
Written by Jack Leeroy
April 23, 2007
Chicago, IL. Apr 23, 2007 -- /prbuzz/ -- ( 1pennystock.com ) -- After 2 weeks of steams the Dow has now plummeting. As investors and traders are involve with heavy profit taking the Dow Jones loss ( -42.58 ) points today.
For the next few days Economists expect the April consumer confidence index to fall to 104.6 from 107.2 in March. The report is due on Friday. This will cause the market to slow down tremendously.
"We're going to start working down," said William LaFleur, chief portfolio strategist at Barclay Partners Asset Management.
"There's weakness below the surface...and that likely caps future gains," Paul Nolte, director of investments at Hinsdale Associates,
So far, 27 percent of the S&P 500 has reported results. Earnings are currently on track to have risen 5.2 percent from a year ago, according to the latest Thomson Financial estimates.
After 2 weeks of steams the Dow has now plummeting. As investors and traders are involve with heavy profit taking the Dow Jones loss ( -42.58 ) points today.
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