Wednesday, November 5, 2008

11/5/08- Dow Drops on Bad Job News

THE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER

11/5/08 - Today the Dow closed at 9,139.27 down 486.01 while NASDAQ lost 98.48 to close at 1,681.64. The S&P 500 was down 52.98 to close at 952.77. The Ten Year Treasury Note closed at 102.63 up .44 pushing the yield down to 3.67%. Oil was down $5.23 per barrel to close at $65.30. The U.S. Dollars gained .00506 against the Euro so one Euro will buy US$1.29567. The market's decline was due to government reports that the private non-farm employment dropped by 157,000 in October, the largest decline since 2002 and worst than expect. That's all from Atlanta.