Dow gains 120 points, Republicans blame Obama

Discussion in 'Stock Market' started by Chris, Aug 12, 2009.

  1. Chris
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    Chris Gold Member

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    Not really....

    NEW YORK (CNNMoney.com) -- Stocks sustained gains Wednesday after the Federal Reserve held interest rates near historic lows and signaled the economy has finally started to stabilize.

    The Dow Jones industrial average (INDU) added 120 points, or 1.3%, giving up bigger gains. The S&P 500 (SPX) index rose 11 points, or 1.1%. The Nasdaq composite (COMP) advanced 29 points, or 1.5%.

    Wall Street rallied leading up to the Fed announcement as signs of improvement in the housing market pushed investors back into stocks following a two-day retreat.

    The market seesawed a bit after the announcement, with the Dow, Nasdaq and S&P 500 pushing toward fresh 2009 highs, before trimming those gains by the close.

    "The Fed reinforced what investors already knew, that the economy has gotten a little better," said James Barnes, fixed income portfolio manager at National Penn Investors Trust.

    CNNMoney.com Market Report - Aug. 12, 2009
     
  2. DiveCon
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    DiveCon gone

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    so it got back what it lost yesterday
    :lol:
     
  3. elvis
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    elvis BANNED Supporting Member

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    People are blaspheming the Ossiah? inexcusable.
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Corporations make money while unemployment remains high.

    You Libs must be so proud. :lol:
     
  5. xsited1
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    xsited1 Agent P

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    Profit taking tomorrow.
     
  6. DiveCon
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    DiveCon gone

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    Chris is hoping they make enough to start paying for HIS healthcare
     
  7. Harry Dresden
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    Harry Dresden Latinum, Plantinum,Silver,Gold Member Supporting Member

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    he is in line right now....
     
  8. elvis
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    elvis BANNED Supporting Member

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    His MENTAL healthcare. Of course, he's so far beyond help, that could run into billions. :lol::lol:
     
  9. Chris
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    Chris Gold Member

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    No, I pay for my own healthcare and Gunny's.
     
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  10. elvis
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    elvis BANNED Supporting Member

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    Gunny bought his healthcare ahead of time you stupid fuck. Get Old Rocks' dick out of your ass and stop insulting people just because you're too much of a shitstain to buy your own health insurance.
     
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