May 28, 2009
The indices climbed today as GM spiraled toward bankruptcy and the Treasury had
to pay higher interest rates to sell its bonds. Apparently, Wall Street has
decided that higher interest rates aren't the bugbear they were thought to be
yesterday. Also, initial jobless claims came in lower and durable goods orders
higher than expected. The NASDAQ
8,403.80, and the S&P 500 annexed 13.77
to close at 906.83. Oil rose
slightly to $62.95
a barrel, while gold
was unchanged at $953.
I've updated the Alternative
Energy Investments section today.