Natural Resource Issues Slide Sharply11:00a ET January 4, 2011 (Briefing.com)
Both the Nasdaq and S&P 500 have extended their slide so that each is at a
fresh
session low. The Dow has actually managed to remain in positive territory with
an incremental gain, thanks to strength in Boeing (BA 67.26, +0.86) following
news of airplane orders by CIT Group (CIT 46.44, +0.09). Despite strength in
shares of BA, industrial plays have fallen to a collective loss of 0.4% as
weakness becomes more widespread. Natural resource plays have come under
particularly stiff selling pressure. In turn, both the materials sector and the
energy sector are down 0.8%, which makes them the worst performing sectors in
the S&P 500. The selling effort against materials stocks and energy stocks
comes
as commodity prices extend their sell-off so that the CRB Commodity Index is
now
down 1.9%.
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besok resources bakal turun ga yah? Saatnya average down kalau turun banyak
(harus turun beberapa hari) :) *ngarep*
