snapping the losses and resuming the rally already?

The market closed today (May 23, 2008) higher than yesterday's close by 10.70 points and settled at 2,849.28. I don't think this is very significant as the value turnover for the day didn't even scratch Php2 Billion.

My guess is that investor sentiment improved from yesterday as we saw U.S. markets snapping their losing streak. The composite indeces of the Dow, Nasdaq and S&P all managed to close in the green.

I have a feeling we'll track those indeces again tomorrow.

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