MarketS DailY - Feb 18

US Markets
Dow 7553-297.81 (-3.79%)
Nasdaq 1471-63.70 (-4.15%)
S&P 789-37.67 (-4.56%)

Europe
FTSE 100 4034-100.62 (-2.43%)
CAC 40 2875-86.99 (-2.94%)
DAX 30 4217-150.04 (-3.44%)

Asia at 9 30 AM
Nikkei 225 7541-104.04 (-1.36%)
Hang Seng 12745-200.05 (-1.49%)

SGX Nifty 2726 -35 pts

Commodities
Light Crude (NYM) 34.93 (-2.58)
Gold (CMX) 967.50 (+25.30)

News Today

* President Obama signs $787 billion stimulus package, saying it will create 3.5 million jobs, help pull U.S. out of one of the worst recessions in generations.

* DOW ended at 7,552.6, remaining a hair above its Nov 20 closing low of 7,552.29. S&P 500 Slips below 800 for the first time in 3 months.


* General Motors and Chrysler said they need an additional $21.6 billion in federal loans between them because of worsening demand for their cars and trucks.


* A possible bout of deflation is now a key risk facing the economy says FED.

*
Satyam has called back more than 1,500 overseas employees, attached to projects onsite.