This is The Wall Street Digest Hotline Update for Thursday, April 5, 2007, at 6:00 p.m. EST.
Traders left early today in front of a three-day holiday weekend. At the close, the Dow gained 30 points, closing at 12,560, while the Nasdaq rose 12 points, closing at 2,471. Oil lost $0.10 to $64.28 per barrel, and gold closed up $2.00 at $679.40 an ounce.
Stock prices moved higher today in front of tomorrow’s March Job Creation Report at 8:30 A.M.
Wall Street has put sub-prime mortgage worries on the back burner. You should remain fully invested with approximately 50 percent of your portfolio allocated to our recommended global/international investments.
The U.S. stock market is still substantially undervalued at 31 percent. Stay close to our telephone/e-mail/website Hotline Updates.
The next Hotline Update will be on Tuesday, April 10, 2007, at 6:00 p.m. EST. The offices of The Wall Street Digest will be closed, along with the stock market, on Friday, April 6, in observance of Good Friday.