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A four-day slide for stocks is halted in rousing fashion, with broad gains on unexceptional...

Thursday, October 29, 2009, 4:02 PM ET
A four-day slide for stocks is halted in rousing fashion, with broad gains on unexceptional volume, and with the DJIA grabbing a 200-point gain in the last few trades. The Dow closes +2.1% (+200.19) to 9,962.88; S&P 500 +2.3% (+23.43) to 1,066.06; Nasdaq +1.8% (+37.94) to 2,097.55. Crude +3.3% to $79.98. Gold +1.6% to $1,047.40.

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This news story has 2 comments:

ralph matinez Comments (6)

THE BIG MUTUAL FUND ARE COVERING THEMSELFS FOR THE END OF OCTOBER . I SEE NO OTHER REASON FOR THE RISE IN THE MARKET CONSIDERING OVER 50%OF THE GDP WAS DUE TO GOVERMENT PROGRAMS.

29 Oct 2009, 04:12 PM Reply Like

ebworthen Comments (2812)

200 point or 2% rally on low volume.

Dollar down, gold up, oil up.

I have to agree with ralph above, GDP mainly cash for clunkers and stimulus spending. I know this makes the Keynesian's happy; however, the fallacy of debt spending to solve a debt bubble and create a new bubble is as old as the hills.

533,000 more unemployed - massage the figures all you want - this does not equate to bills paid or purchases made.

29 Oct 2009, 05:08 PM Reply Like

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