Rebound! Dow Ends in Positive Territory After Steep Slide
June 09th, 2009
Volume trading for the day was light, making the market susceptible to quick changes in direction. Fewer traders on the market floor are normally not a good thing, but yesterday it was partially responsible for the positive nudge sending the market closing in positive territory.
Prices recovered late in the day as trading wound down. Investors made the most of the day late in the day. The bulk of the trading was done in the last hour of trading. The rally signaled the market is still trying to decide how to proceed after it has seen substantial yet rather reserved gains over the past three months.
Confusion dominates the market still as many are left questioning exactly when the market will decidedly rebound from this recession.
By day's end on Monday, the Dow finished up nearly 0.1 percent. Every little bit helps as each day seen in the green and not the red helps.
