9/11/08- Market Gains on Hopeful Housing News

The Dow aimed 164.79 to close at 11,433.71; the S&P 500 gained 17.01 to close at 1,249.05 and NASDAQ gained 29.52 to close at 2,258.22. Oil was down 1.71 to close at 100.87 and the yield on the Ten Year U.S. Treasury Note was down to 3.62 because the Note closed up .03 at 103.06 and the US Dollar gained .00214 against the Euro so one Euro buys $US 1.39501. The rise in the Dow was caused by Fed. Res. Vice Chairman Donald Cohn saying that housing price declines are slowing. We may have seen the bottoming out of the housing market. That is it for today from Muscle Shoals, Alabama.