Sentiment
Stock market averages fell Friday afternoon, as a government shut-down looms. The market showed impressive resilience early and market averages were little changed through midday. The only economic data of the day was a report on Wholesale Inventories for February, which was in-line with estimates at +1 percent. Crude oil gained 2 percent and moved to $112.50 a barrel. At the same time, gold hit record highs and silver rallied beyond $40. Most of the focus is on the events in Washington, however, where parties are trying to iron out budget differences to avoid a shut-down of ?non-essential? government operations. The uncertainty seems to be weighing on investor sentiment late Friday ahead of the weekend and the Dow Jones Industrial Average is down 70 points in the final hour. The tech-heavy NASDAQ lost 21.7. CBOE Volatility Index (.VIX) added .97 to 18.08. Overall options volume is unimpressive, however, with
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Eliza Dushku Bonnie Jill Laflin Joanna Krupa Ashley Olsen Danneel Harris
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