Morning Call by Traders University

On Friday the FTSE 100 closed up 66 points at 4,345. Positive news from the Mining Sector buoyed the index. More good news was released over the weekend so the FTSE may rally today. On Friday the Dow Jones fell 15.87 (0.2 %) to 8,539.73, with just over half of its 30 stocks posting losses. The S&P 500 index rose 2.86 (0.3%) to 921.23 and the Nasdaq gained 19.75 (1.1%) to 1,827.47. The stock market consensus seems to be one of caution and consolidation rather than a continuing rally this summer. All the major indexes closed the week down on Friday for the first time since the second week of May.