Tuesday, November 4, 2008

11/4/08- Stocks Soar on Relief the Election is Over

11/4/08- Market Flat as Election Nears
THE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER

11/4/08 - Today the Dow closed at 9,625.20 up 305.45 while NASDAQ gained 53.79 to close at 1,780.12. The S&P 500 was up 39.45 to close at 1,005.75. The Ten Year Treasury Note closed at 101.90 up 1.2 pushing the yield down. Oil was up 6.62 per barrel to close at $70.53. The U.S. Dollar lost .0398 against the Euro so one Euro will buy US$1.298. The market was optimistic that the economy will improve now that the election is over and Obama is expected to win. That's it for today from Atlanta.