Stocks post best September in 71 years

[Chris]

NEW YORK (CNNMoney.com) -- U.S. stocks fizzled Thursday, but that didn't stop the market from logging its best September in decades.

Dow Jones industrial average (INDU) slipped 47 points, or 0.4%, after soaring more than 100 points at the start of trading. The S&P 500 (SPX) fell 4 points, or 0.3%, and the Nasdaq (COMP) ticked down 8 points, or 0.3%.

Economic jitters have kept stocks from breaking out of a narrow range this week. And while upbeat readings on employment and economic growth helped spark an early rally Thursday, gains subsided as worries about the euro zone bubbled up.

Despite the stomach churning month, stocks ended September on a high note. The Dow jumped 7.7%, the biggest September gain in 71 years. The S&P also posted the biggest gain since 1939, rising 8.7% in the month, while the Nasdaq climbed 12%.

CNNMoney.com Market Report - Sep. 30, 2010

 

[Annie]

So the rich are getting richer under Obama. Their really all that's left in the markets.

 

[Chris]

So the rich are getting richer under Obama. Their really all that's left in the markets.

Quite a bizarre comment.

A large number of Americans of all income levels own stocks.

 

[Zander]

Whoopie!!! The Dow is up 3.45% for the year!!! YEEHAW!!!!

Remind me why that is cause for celebration?

 

[Jeremy]

Broke homeless man finds $20 bill. Posts biggest net income in 20 years!!!!

 

[Chris]

Whoopie!!! The Dow is up 3.45% for the year!!! YEEHAW!!!!

Remind me why that is cause for celebration?

Because Bush almost destroyed our economy.

 

[Charles_Main]

So the rich are getting richer under Obama. Their really all that's left in the markets.

Quite a bizarre comment.

A large number of Americans of all income levels own stocks.

She is just repeating what the Democrats said when ever the market did well under Bush.

 

[Charles_Main]

Whoopie!!! The Dow is up 3.45% for the year!!! YEEHAW!!!!

Remind me why that is cause for celebration?

Because Bush almost destroyed our economy.

My god you are completely brainwashed.

 

[Avatar4321]

I wasnt really that concerned about September.

October on the other hand....

 

[Avatar4321]

Whoopie!!! The Dow is up 3.45% for the year!!! YEEHAW!!!!

Remind me why that is cause for celebration?

Because Bush almost destroyed our economy.

So we should spend even more money we have to "fix" it?

 

[lizzie]

It's an indicator of high hopes that we will have Republicans coming in to put a damper on all the crap that's been happening in DC for the past two years. The stock market fluctuates according to what they expect to happen, and not what is currently happening, as a general rule.

 

[del]

Whoopie!!! The Dow is up 3.45% for the year!!! YEEHAW!!!!

Remind me why that is cause for celebration?

Because Bush almost destroyed our economy.

My god you are completely brainwashed.

it's a small load, probably did it by hand

 

[Charles_Main]

It's an indicator of high hopes that we will have Republicans coming in to put a damper on all the crap that's been happening in DC for the past two years. The stock market fluctuates according to what they expect to happen, and not what is currently happening, as a general rule.

Actually it is an indication of the high hopes Wall street has based on the fact the so many Democrats are talking about Extending all the tax cuts.

 

[Toro]

I wasnt really that concerned about September.

October on the other hand....

Contrary to popular opinion, September has historically been the worst month of the year, not October.

 

[Chris]

It's an indicator of high hopes that we will have Republicans coming in to put a damper on all the crap that's been happening in DC for the past two years. The stock market fluctuates according to what they expect to happen, and not what is currently happening, as a general rule.

Actually it is an indication of the high hopes Wall street has based on the fact the so many Democrats are talking about Extending all the tax cuts.

Extending the tax cuts for the rich will be a disaster.

The Republicans will destroy America if we let them.

 

[Avatar4321]

It's an indicator of high hopes that we will have Republicans coming in to put a damper on all the crap that's been happening in DC for the past two years. The stock market fluctuates according to what they expect to happen, and not what is currently happening, as a general rule.

Actually it is an indication of the high hopes Wall street has based on the fact the so many Democrats are talking about Extending all the tax cuts.

Extending the tax cuts for the rich will be a disaster.

The Republicans will destroy America if we let them.

I don't think failing to increase taxes is going to destroy America.

Borrowing and spending, perhaps. But keeping taxes the same, no.

 

[Old Rocks]

After giving careful thought, none of the tax cuts should be extended. Those of us in the working middle class that are still fully employed can afford the increase more than we can afford the continued increase in deficits. Those making more than $250K a year can afford the extra taxes even better. And the very wealthy should be paying more, in any case.

 

[rdean]

So the rich are getting richer under Obama. Their really all that's left in the markets.

Quite a bizarre comment.

A large number of Americans of all income levels own stocks.

She is just repeating what the Democrats said when ever the market did well under Bush.

Is "down" well?

When Bush left office, the Dow was at 6,000, that's 5,000 BELOW when he took office. That's just a fact. Now, it's over 10,000.

 

[Zander]

Quite a bizarre comment.

A large number of Americans of all income levels own stocks.

She is just repeating what the Democrats said when ever the market did well under Bush.

Is "down" well?

When Bush left office, the Dow was at 6,000, that's 5,000 BELOW when he took office. That's just a fact. Now, it's over 10,000.

You are, as usual, factually incorrect. The DJIA closed at 8281.22 on January 16th, 2009 the last trading day of Bush's term.

 

[Chris]

Quite a bizarre comment.

A large number of Americans of all income levels own stocks.

She is just repeating what the Democrats said when ever the market did well under Bush.

Is "down" well?

When Bush left office, the Dow was at 6,000, that's 5,000 BELOW when he took office. That's just a fact. Now, it's over 10,000.

Bush led us to two useless wars that doubled the National Debt.

Now Obama wants a return to fiscal responsibility by raising taxes on the rich.

The Republicans are the party of tax cut and spend.