Stock Markets Experience Mixed Trading On Uncertainty

The stock markets and financial markets across the world had a mixed day yesterday, not moving much in either direction.

In the USA the DOW closed up 42.27 at 13,121.35 for a very small gain of 0.32%

The NASDAQ also managed to finish in positive territory, gaining 0.14% or 3.56 points to closed trading at 2,508.59.

Out of the major stock market indices, the S&P 500 was the only one to finish down, as it fell a tiny 0.39 to 1,445.55, a drop of 0.03%.

The financial markets seem to be waiting on additional interest rate news from the Fed before deciding which way to turn over the next few weeks.

Market analyst Sam Kirtley of The Gold Prices Newsletter said: “The Fed are under increasing pressure to cut the main interest rate to save to financial markets from going into more turmoil. When they cut the interest rates, this will send the US dollar significantly lower, which will propel gold prices to great heights. This is why we have been telling out readers to invest in gold and gold stocks in order to protect their wealth and profit from the coming rate cut and collapse of the US housing market.”

Do you think the financial markets need a rate cut by the Fed to spark a rally?

If not how is the stock market going to continue to make gains?