Author: 123jump.com Staff
123jump.com
Last Update: 5:11 PM EST February 28 2006

It was a day of sentiments reversal. Weakening home sales, weak revision of Q4 GDP to 1.6% and decline in consumer confidence dragged market averages. For the moth Dow is up 1.2%, S&P up 0.04% and Nasdaq lost 1.1%. Google stock came under heavy selling as investors read latest comments from its CFO. The stock declined 13% before recovering to a loss of 7.1%. Staples closed at one year high on earnings. Markets in UK and Germany were down 1.4% and 2.1%.