In the UK shares closed Thursday at their worst levels for the session after a weaker-than-expected June ISM survey and a surprise rise in US jobless claims sent Wall Street down in early trading.

The FTSE 100 closed 39.4 points lower at 4,424.7, having earlier rallied by around 24 points, while the wider indices all closed in negative territory.

Volumes were higher following three days of thin dealing with 3.46 bln shares changing hands.

In the USA stocks fell markedly due to warnings in the tech sector, a jump in oil prices ahead of the holiday weekend, and a disconcerting drop in monthly sales at GM.

Also, late in the session, the minutes of the Fed's open market committee meeting on Tuesday and Wednesday were released, showing that some members had reservations about leaving the 'measured' pace language in its statement. In the end, the Federal Reserve raised rates by 25 basis points to 1.25 percent for its first hike in four years, and left the disputed language intact.

The sell-off squandered any positive momentum built up the moderate rally that followed the Federal Reserve's decision on Wednesday.

In the end, the Dow Jones Industrial Average surrendered 101 points, or 1 percent, to close at 10,334.23, while the Nasdaq Composite gave back about 32 points, or 1.6 percent, to finished at 2,015.55.

At its worst, the Dow sank as low as 10,274.51, its first dip below 10,300 on an intraday basis since June 4. It was the blue chip barometer's first triple-digit drop since June 16.

The S&P 500 index slid 1 percent to 1,128.98, while the Russell 2000 index of small-cap stocks backtracked 1.5 percent to 582.43.

So with a long weekend coming up in the USA Friday sees a batch of Economic news from the USA giving a guide to the jobs and should set the tenor for the days trading.

Good Hunting
Unemployable of Oxon

Good evening Martini and much appreciated as always. I think "unemployable" should be replaced by "busily employed". Regards..

:)

Morning all,

I agree with you jj50, Martini is very much "busily employed"!

Morning punters.

How exciting is this!!

Morning all

LW - nice to see you back posting again

morning all,another tricky day ahead?

big sellers for mtn today.

Need help!!
Having been on croc's Trading Day some months back I was starting to use his Analyser software to identify trending stocks. Without that I am back to guessing and just got killed in CTM.
Anyone prepared to offer ideas, tools, methods for initial stock picking.

Thanks, Brian

any one buying today???????????????

Morning all, had a look round, decided to go out for the day.

Thinning a few things back at present to limit any major downside. Might be a waste of time, effort and cash, but better safe than sorry. I've learnt the hard way before.

;-)

Who needs Day Trading?

Become a Month Trader!

Highs and lows have less effect on you.

Now is the time to consider buying cheap stocks like Barclays.

Become a Year Trader and buy Supermarket Stocks they may recover by then.

Become a Decade Trader and buy Oil Stocks. Only 20 years from then to go before the candles goes out!

There may never be a better opportunity to buy cheap, but do your own research etc.

sw ;-))

Very good.

The night before last I had a horrible nightmare.

I was in a Hospital reception, you know the sort, post war variety, with a telephonist in a brick dome stuck to the side of the main building.

The lights were on, and Aliens, who no one had seen, were coming down the dual carriageway.

A Police Convoy drove past escorting................ nothing.

The light was failing outside and I knew I had to turn the lights off, of which there were many. All the lights had switches in the ceiling, and every time I turned one off, I went to another and the last would turn on again.

I had to get them out or the Aliens would see us.

I went to the next and turned it off, and the next and turned that off, as I got to the next I again saw the lights going on again behind me, then I saw a pull cord and someone said "That will turn them all off", I reached up and..............



woke up.

Did they get us or not?


Well I thought as it was quiet, I would share that! Do you know I dozed off again, and started the dream all over again.

sw - want the name of a good doctor? ;-))

Who?

The dream appears to suggest you seek to take control of something and
are trying to do so, but are being hampered by something/someone who's
beyond your control, either deliberately or circumstantially.
Any assistance or advise from others is vague and somewhat unhelpful, although
you do listen to them as you wish to sort matters out. The key may be to step
back and leave the job of getting things back under control to someone else,
most likely they are responsible for the matter anyway, either as much or
more then you yourself are, but this would (it appears) run contray to your nature and therefore would be difficult to do, as ultimately you tend to take responsibility and not pass it over to others....
(Its ok - no charge SeaWalker - as I'm not working today)

I've been analysed!!!

I feel better now.

Thank you bunny :)

The scary bit is you may be right!!!!!!!!!!!!!