Guest guest Posted November 9, 2009 Report Share Posted November 9, 2009 Hello list, has predicted continued volatility in financial markets in November 2009. Today, the stock market continued to push ever higher as the dollar has moved lower. At the same time, the concern was expressed that if the dollar unexpectedly recovers, stocks will slump. Dow surges to 13-month high November 9, 2009: 5:05 PM ET Signs of continued global recovery and talk about deals boost to investor confidence. Dow gains 200 points; Nasdaq and S & P 500 jump 2%. NEW YORK (CNNMoney.com) -- Stocks rallied Monday, with the Dow industrials surging to a 13-month high, as investor optimism gained momentum. The Dow Jones industrial average (INDU) soared 204 points, or 2%, to close at 10,226.94 -- its highest level since Oct. 3, 2008. The gains were broad-based, with all but 1 of the 30 components in the blue-chip index closing higher. Financial and commodity-related shares led the advance. The S & P 500 (SPX) gained 24 points, or 2.2%, to settle at 1,093.07 and the Nasdaq composite (COMP) rose 42 points, or 2%, to close at 2,154.06. Stocks rallied right out of the gate Monday after the Group of 20 said over the weekend that it would keep economic stimulus in place. http://money.cnn.com/2009/11/09/markets/markets_newyork/index.htm?postversion=2009110911 Thor Quote Link to comment Share on other sites More sharing options...
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