Excerpt from: Stock & Indices
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| January 23, 2009 | | Spread bets and CFDs on the stock market | Spread betting and contracts for differences on the S&P 500 should consider that the index is down today -- and down on the week. Despite rallies earlier in the week (and rally attempts at various times), the S&P just can't seem to overcome all the bad economic news that keeps coming out.
The Subway reports on the S&P 500 Index:
The S&P 500 fell 1.2% to 817.37. As has been the
case through most of the week during both rallies and the more frequent
declines, its sectors all moved in the same direction. All fell on
Friday, led by declines of about 2% each in energy, industrials, and
the consumer-discretionary group.
It is clear that the stock market has a long way to go if confidence is to be restored -- and that some headway will need to be made with plans for economic stimulus.
| Topic Tags: CFDs, contracts for differences, economy, S&P 500, spread bets, spread bets stock market, spread betting, spread betting S&P 500 | |
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