Sandrovski schreef:
Check deze:
finance.yahoo.com/marketupdate/overvi...2:30 pm : The major indices have covered a good deal of ground today and are currently rallying back from sharply lower levels seen a few hours ago.
The catalyst for the latest move was General Motors' (GM 12.47, +0.97) report that its sales in North America declined only 8.3% in June versus a market expectation that they would decline 21.0%. This news is relatively good news, but it goes to show how pessimistic the market had gotten that it would rally on a report that sales declined less than expected, which is much different than saying sales actually increased.
In any event, the GM news has prompted a recovery try that we suspect is being driven in part by short-covering activity. It would be remiss not to add, though, that the beleaguered financial sector has also made a strong move in recent action. It had been down 2.8% around 12:30 PM ET, but is now essentially unchanged for the session.