9/5/08 - Market Rises on Financial Sector Gains

The Dow gained 32.73 today to close at 11,220.96 while the S&P 500 gained 5.46 to close at 1,242.29 up 5.46. NASDAQ closed at 2,255 down 3.16. Oil fell 1.66 to close at 106.23 per barrel. The Ten Year Treasury Note fell .25 to close at 102.81 pushing the yield up to 3.66%. The Dollar gained .0002 against the Euro so one Euro pays $ U.S. 1.42430. Today's market moved as it did because there financials gained which overcame the bad news that unemployment rate has risen to 6.1%. For the week the Dow lost 325, the S&P lost 41 and NASDAQ lost 113. The 10 year treasury note's yield fell from 3.85 to 3.66 for the week and oil was down for the week by $9 per barrel. The U.S. Dollar gained .0434 against the Euro this week. Have a great weekend, signing off from Atlanta.