Daily Investment Interpretations

August 3, 2009

2009-8-3:  The Nasdaq powered past the 2,000 mark today, while the S&P 500 closed above 1,000.  The NASDAQ Composite gained 30.11 points (1.52%) to 2,008.61, the Dow climbed 114.95 points (1.25%) to close at 9,286.56 and the S&P 500 rose 15.15 points (1.53%) to end at 1,002.63. Oil closed up at $71.41 a barrel, while gold added $3 to end at $959. The VIX fell 0.36 to 25.56.
    The boost today came from the Institute for Supply Management's index report for July: ISM factory index shows improving manufacturing sector. Also, Job destruction storm petering out.
Important leadership groups begin to stir