Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, November 05, 2009

Terrific Thursday

Today, stocks posted an across-the-board gain, sending the Dow Jones Industrial Average about the 10000 level, amid optimistic news about the economy on the eve of October payrolls data due out Friday morning. The rally marked the Dow's first triple-digit point move in November, continuing a more volatile trend that began last month. Until today, that volatility had worked mostly to send stocks down, with fear spreading about the sustainability of the U.S. economic recovery. Traders and analysts said those fears haven't completely vanished, but they did ease considerably today! DJIA +203.82 S&P 500 +20.13 NASDAQ +49.8