10/1/08-Market Dips Modestly on Hopes Senate will Pass Bailout Plan Tonight

10/1/08- The Dow lost 19.59 today to close at 10,831.07 while NASDAQ lost 22.48 to close at 2,069.40. The S&P 500 was down 3.65 to close at 1,161.09. Oil fell $2.11 per barrel to close at 98.53. The Ten Year Treasury Note was up .66 to close at $102.09 to drive the yield down to 3.74%. The dollar gained .01169 against the Euro so one Euro will buy $US 1.40154. Today's flat performance was due to the belief that the Senate will pass a revised version of the bailout plan that was rejected last week. Also, private employment fell by 8,000 in September which was less than expected. The market was bolstered by GE selling a chunk of its stock to Berkshire Hathaway. That's it for today from Atlanta.