Uptrend continues in Stocks Market

Saturday October 27, 2007

US stock market ended higher on Friday after having a volatile week; however technology stock rose higher on Friday’s stock market trading session as Microsoft declared whopping 23% jump which was mostly driven by brisk sales of the new Halo 3 video game. Microsoft shares raised $3.04, 9.50% to end at $35.03. Stock market investor also showed good interest in financial stocks after mixed bags of number in major blue chip companies.

The Dow Jones ended the week up 284.68, or 2.11% at 13,806.70. The Standard & Poor's 500 index ended up 34.65, or 2.31% at 1,535.28. The Nasdaq composite index ended up 79.03, or 2.90% at 2,804.19.

At the present time it clearly seems like stock investors are eagerly waiting for Fed’s decision on interest rate cut at their next week meeting which will bring cheer to stock market.

eBay stock seems good for me from stock trading point of view at this point as the ebay stock chart is showing some good strength.