Markets, on Wednesday, took a wild ride in the early part of the session, as Ben Bernanke’s speech to the Congress ignited impetuous hope for a QE3, which, as the day progressed, faded out as realization that nothing new has really been promised sink in! The Dow Jones Industrial Average, initially gained a whopping 160-points, [...]
Dow closing at highest in 2 years, 11/5/2010
November 5, 2010 By Leave a Comment
Markets closed at highest in two years on Friday, with Dow hitting pre-crisis level. The blue chip stocks index Dow Jones Industrial Average up by 9.24 points or 0.08%, to 11,444.08. The Dow climbed 2.9% during the week. Bank of America, and J.P. Morgan, were being in the lead. Kraft Foods was a big loser. [...]
Fed $600 Billion into financial markets – Stock Market 11/3/10
November 3, 2010 By Leave a Comment
Stock Market (11/03/10): The Fed, on Wednesday, announced their long anticipated plan to pump another $600 billion into the financial markets by buying U.S. Treasury bonds, fueling higher stocks and commodity prices, while setting the stage for a weaker dollar and falling yield on bonds. The Dow Jones Industrial Average advanced at a two-year high, [...]
Daily Stock Market Update – Nov 2, 2010
November 2, 2010 By Leave a Comment
Stock Market (11/2/10): As the voting for the midterm elections is done and the results are awaited, the markets as a whole advanced on Tuesday. Experts are hopeful about a sharp swing to the Republicans, often perceived as more business-friendly. The Dow Jones Industrial Average gained 64.10 basis points to 0.58% to close at 11,188.72, [...]