THE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER
11/24/08 - Today the Dow closed at 8,443.39 up 396.97 while NASDAQ gained 87.67 to close at 1,472.62. The S&P 500 was up 51 to close at 851.81. The Ten Year Treasury Note closed at 103.56 down $1.13 pushing the yield to 3.32%. Oil was up $4.43 per barrel to close at $54.36. U.S. Dollar lost .03431 against the Euro so one Euro will buy US$1.29551. The market's rally was the result of the market's positive reaction to the Fed's bailout plan for Citigroup totalling $326 billion and Obama's confirmation of the selection of Tim Geitner as Secretary of the Treasury. That's it from Atlanta.
Monday, November 24, 2008
Friday, November 21, 2008
11/21/08- Market Rises on Treasury Pick
THE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER
11/21/08 - Today the Dow closed at 8,046.42 up 494.13 but down for the week by 897.39 while NASDAQ gained 68.23 to close at 1,384.35 down for the week by 263.05. The S&P 500 was up 47.59 to close at 800.03 down for the week by 130.72. The Ten Year Treasury Note closed at 104.94 down $1.72 pushing the yield to 3.21%. For the week the Ten Year Treasury Note was up $3.10 and the yield was down .56%. Oil was up $.51 per barrel to close at $49.93 which was a decrease of $11.11 per barrel for the week. The U.S. Dollar lost .01223 against the Euro so one Euro will buy US$1.25818. For the week, the Dollar gained .01685 against the Euro. The market's rally was the result of the market's positive reaction to the selection of Tim Geitner as Secretary of the Treasury and buyers not being able to resist some of the bargains. Have a great weekend, that's it from Atlanta.
11/21/08 - Today the Dow closed at 8,046.42 up 494.13 but down for the week by 897.39 while NASDAQ gained 68.23 to close at 1,384.35 down for the week by 263.05. The S&P 500 was up 47.59 to close at 800.03 down for the week by 130.72. The Ten Year Treasury Note closed at 104.94 down $1.72 pushing the yield to 3.21%. For the week the Ten Year Treasury Note was up $3.10 and the yield was down .56%. Oil was up $.51 per barrel to close at $49.93 which was a decrease of $11.11 per barrel for the week. The U.S. Dollar lost .01223 against the Euro so one Euro will buy US$1.25818. For the week, the Dollar gained .01685 against the Euro. The market's rally was the result of the market's positive reaction to the selection of Tim Geitner as Secretary of the Treasury and buyers not being able to resist some of the bargains. Have a great weekend, that's it from Atlanta.
11/21/08- Market Rises on Treasury Pick
11/21/08- Market Rises on Geitner SelectionTHE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER11/7/08 - Today the Dow closed at 8,943.81 up 248.02 but down for the week by 381.20 while NASDAQ gained 38.70 to close at 1,647.40 down for the week by 73.55. The S&P 500 was up 25.87 to close at 930.75 down for the week by 38. The Ten Year Treasury Note closed at 101.81 down .66 pushing the yield to 3.77 - for the week the Note was up 1.56 and the yield was down .19%. Oil was up $.27 per barrel to close at $61.04 which was a decrease of $6.77 per barrel for the week. The U.S. Dollar lost .00567 against the Euro so one Euro will buy US$1.27502. For the week, the Dollar gained .00114 against the Euro. The market's rally was the result of the yesterday's market absorbing the bad economic reports and buyers not being able to resist some of the bargains. Have a great weekend, that's it from Atlanta.
Thursday, November 20, 2008
11/20/08-Markets Declines Sharply on More Bad News
THE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER
11/20/08 - Today the Dow closed at 7,552.29 down 444.99 while NASDAQ lost 70.30 to close at 1,316.12. The S&P 500 was down 54.14 to close at 752.44. The Ten Year Treasury Note closed at 105.72 up 2.22 pushing the yield down to 3.07. Oil was down $4.45 per barrel to close at $49.65. The U.S. Dollar gained .01172 against the Euro so one Euro will buy US$1.24766. The market's decline was due to pessimism regarding the prospects of an auto bailout and increased nervousness over where this economy is headed - trading continues to be light. That's all for today from Atlanta.
11/20/08 - Today the Dow closed at 7,552.29 down 444.99 while NASDAQ lost 70.30 to close at 1,316.12. The S&P 500 was down 54.14 to close at 752.44. The Ten Year Treasury Note closed at 105.72 up 2.22 pushing the yield down to 3.07. Oil was down $4.45 per barrel to close at $49.65. The U.S. Dollar gained .01172 against the Euro so one Euro will buy US$1.24766. The market's decline was due to pessimism regarding the prospects of an auto bailout and increased nervousness over where this economy is headed - trading continues to be light. That's all for today from Atlanta.
Wednesday, November 19, 2008
11/19/08- Market Freefalls on Fed's Bad News
THE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER
11/19/08 - Today the Dow closed below 8,000 at 7,997.28 down 427.47 while NASDAQ lost 96.85 to close at 1,386.42. The S&P 500 was down 52.54 to close at 806.58. The Ten Year Treasury Note closed at 103.28 up 1.50 pushing the yield down to 3.35. Oil was down $.66 per barrel to close at $54.10. The U.S. Dollar gained .01172 against the Euro so one Euro will buy US$1.25251. The market's decline was due to more bad news regarding a record low of housing starts and building permits for October. Also the Fed lowered its economic forecast for '08 through '10. That's all for today from Atlanta.
11/19/08 - Today the Dow closed below 8,000 at 7,997.28 down 427.47 while NASDAQ lost 96.85 to close at 1,386.42. The S&P 500 was down 52.54 to close at 806.58. The Ten Year Treasury Note closed at 103.28 up 1.50 pushing the yield down to 3.35. Oil was down $.66 per barrel to close at $54.10. The U.S. Dollar gained .01172 against the Euro so one Euro will buy US$1.25251. The market's decline was due to more bad news regarding a record low of housing starts and building permits for October. Also the Fed lowered its economic forecast for '08 through '10. That's all for today from Atlanta.
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