why is sdl stagnating? , page-13

LAST NIGHT IN THE US MARKET

Stocks registered a third consecutive day of losses after manufacturing data combined with worries about Europe's debt-laden countries weighed on investor sentiment.

The Dow has dropped six times in the past eight sessions, while the S&P 500's losses tacked onto its biggest single-day percentage and point decline on Monday in two months. Both indexes are down 2% in the past three trading days.

"We have very short-term memories," said Chip Cobb, senior vice president at Bryn Mawr Trust Asset Management. "There's no question people are starting to get nervous again. We're not seeing any real money flowing back into the market."

IN COMMODITY MARKETS

Many commodities markets received a boost as Goldman Sachs raised its price forecasts on crude oil and industrial metals and reiterated its bullish view on precious metals.

Goldman analysts said low U.S. interest rates should continue to spur investor interest in gold. The investment bank expects prices to rise to $1,565 an ounce, just short of the record highs reached in early May.

IN EUROPEAN MARKETS


European stock markets rebounded modestly Tuesday, helped by gains in commodity-related shares and as a closely watched German business-confidence survey was stronger than expected