Friday’s Market Recap (11/07/2008)
The market finishes the week higher after the worst two-day decline since the 1987 stock market crash. The Dow Jones Industrial Average increased 248 points, or 2.85% for the day, and 3.4% for the week. Similarly, the S&P rose 2.86%, and the Nasdaq moved 2.41% in the green. Investors must have felt the after-election fall wasn’t completely justified, as signaled by today’s increase. Either that, or the 14-year high unemployment rate was taken with more than a grain of salt by Wall Street. The White House continued to preach patience, and stated that the $700 billion bailout plan will take some time to make a noticeable impact. Jobless Claims this month reached the levels seen in March 1994 of 6.5%. A total of 1.2 million jobs have evaporated this year, though the [More...]
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here