9/30/08-Market Gains Back Half of Yesterday's Loss

9/30/08-The Dow bounced back gaining 485.21 to close at 10,850.66 today; NASDAQ closed at 2,082.33 up 98.60 while the S&P 500 was up 58.22 to close at 1,164.74. Oil gained $.427 per barrel to close at $100.64. Treasury Ten Year Notes were down $2.00 to close at 101.28 pushing the yield up to 3.84%. The dollar gained against the Euro by .03372 so that one Euro will buy $US1.4058. Today's gains were fueled by the belief that next week Congress will pass a new financial rescue plan. Also, consumer confidence was up for September, unexpectedly so. That is it from Atlanta.