Stocks took another stride forward, with the NASDAQ having the biggest showing on the day, up almost 3/4%. Large caps' gains were slight, but they are still in record territory. Retailers reported a good back to school shopping season. We'll be watching to see if they are able to repeat the performance for the all important Christmas season. Consumer spending is still the fuel in this growth period. Speaking of fuel... prices at the pump keep falling. My husband is delighted! He reports the lowest prices each day to me. Mortgage rates are also dropping and may aid in the ailing housing market.
Dow +16.08 NASDAQ +15.39 S&P 500 +3.00
Independent, Fee-Only Financial Advisor
Thursday, October 05, 2006
Thursday and Still Going Strong
Stocks took another stride forward, with the NASDAQ having the biggest showing on the day, up almost 3/4%. Large caps' gains were slight, but they are still in record territory. Retailers reported a good back to school shopping season. We'll be watching to see if they are able to repeat the performance for the all important Christmas season. Consumer spending is still the fuel in this growth period. Speaking of fuel... prices at the pump keep falling. My husband is delighted! He reports the lowest prices each day to me. Mortgage rates are also dropping and may aid in the ailing housing market.
Dow +16.08 NASDAQ +15.39 S&P 500 +3.00
