Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, October 03, 2006

Record Tuesday

It's back to pre-bubble bursting days, as the Dow hit a record high. Large-cap stocks are leading the pack right now. While the NASDAQ has made significant gains in the last quarter, don't expect the index to hit a record any time soon. It's still only halfway to the mark. Oil dropped below $60 a barrel, fueling the stock market. Consumer spending is strong, despite a cooling off in the real estate market, and this seems to be the driving force on Wall Street. Expect good numbers for the Christmas retail season, if this continues. Dow +56.99 NASDAQ +6.05 S&P 500 +2.79