Paul and I talk about the March jobs report, outlook for jobs and NY Fed’s Bill Dudley with Mesirow Financial economist Diane Swonk. Dave Kansas then offers some perspective on Nasdaq/ICE bid for NYSE Euronext.
Stocks close mixed, with the Dow rising, S&P 500 edging lower and Nasdaq Comp dropping the most out of the benchmark indexes. The Nasdaq has essentially gone straight up since the end of August, but the index seems to have stalled at the top of its trading range in recent days. Is it just taking a breather before running higher or are tough times ahead? From my “Technically Speaking” column:
Technology stocks’ wild ride higher may have a short shelf life.
The technology-heavy Nasdaq Composite has surged 16% since the end of August, and the Nasdaq 100 Index is up 14%, outperforming both the Dow Jones Industrial Average’s 9% gain and the broader Standard & Poor’s 500-stock index’s 11% rise. But a topping pattern may be developing for the Nasdaq 100, prompting some market technicians to start hedging positions in anticipation of a correction.