The Dow Industrial Average is rising, so is the Standard and Poors 500 stock index. But the home to many high tech stocks, the NASDAQ, is seeing some losses lately.
Our stock analyst says the drop in NASDAQ stocks could be due to profit-taking by investors. Phil Kassewitz says a “fairly aggressive” sell off could be a correction due to a long, big run.
He says the “S and P 500″ could continue its run because consumer confidence is rising. Kassewitz says jobs reports later this week could leave a big impact on the markets.
Phil Kassewitz appears live Mondays on “Good Morning Quad Cities”.