Daily Investment Interpretations

October 16, 2009


2009-10-16:  Today, the markets gave up some ground. The NASDAQ Composite fell back 16.49 points, (-0.76%) to end at 2,156.80, the Dow declined 67.03 points (-0.67%) to finish at 9,995.91, and the S&P 500 flitted up 8.88 points (-0.81%) to 1,087.68. Oil ended up at $78.67 a barrel, while gold rose $1 to $1,052. The VIX fell 0.29 to 21.43.
    GE reported lower-than-expected profits today. However, about 4/5ths of the 61 companies that have reported earnings so far have come in above expectations. Also, output registered the fastest growth in four years.
    Mark Hulbert writes, Still no agreement among Dow Theorists.