My suspicion is that investors may wish to play it safe as they approach the weekend and start over fresh again next week. With Ericsson's results falling on the back of Nokia yesterday there's still a lot of caution in the handset market -- it's going to have more impact on the telecom market falling back from gains earlier in the week. |
Nokia has been quite volatile in (European) trading today and could be a factor in the U.S. markets. |
The general trend is weaker after yesterday (Wednesday). The key will be comments from the Fed and how adamant Mr. Bush is about getting support (to invade Iraq). |