Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, November 03, 2010

Wednesday

The Dow Jones Industrial Average jumped to a two-year closing high following a volatile afternoon of trading. The market had been bouncing around after the congressional election and after the Fed said it would buy $600 billion of Treasurys to prime the domestic economy. Reports showed that private-sector employment grew by 43,000 in October, topping consensus estimates of a 22,000-job gain. U.S. factory orders also rose more than expected. This is the third consecutive month of growth for one of the economy's key drivers. DJIA +26.41 Nasdaq +6.75 S&P 500 +4.39.