Daily Investment Interpretations
October 6, 2009
2009-10-6: The market indices rose again today. The NASDAQ Composite added 35.42 points, (1.71%) to end at 2,103.57, the Dow reclaimed 131.5 points (1.37%) to finish at 9,731.25 and the S&P 500 gained 14.26 points (1.37%) to end at 1,054.32. Oil ended at $71.21 a barrel, while gold hit a new all-time high (up $22) of $1,040. The VIX fell to 25.70.
Stocks have now recovered about 60% of what they've lost over the past two weeks. A weaker dollar is credited with today's price increases, with rising commodity (including gold) prices. Also, Australia raised its interest rate ¼ % in anticipation of an improving economy.