11/10/08 - Market Dips on Fears re: Automakers and Financials

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11/10/08 - Today the Dow closed at 8,870.54 down 73.27 while NASDAQ lost 30.66 to close at 1,616.74. The S&P 500 was down 11.78 to close at 919.21. The Ten Year Treasury Note closed at 101.97 up .22 pushing the yield down to 3.75%. Oil was up $1.37 per barrel to close at $62.41. The U.S. Dollar was unchanged against the Euro so one Euro will buy US$1.27437. The market's decline was due to more bad news regarding automakers and financials, specifically a report by Barclays that Goldman Sachs will suffer a fourth quarter loss. That's all from Atlanta.