Tuesday, November 9, 2010

TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES November 9th, 2010 Mid Day

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Stocks struggle Tuesday as commodities surge, with gold, silver and cotton reaching new highs. Investors are playing it safe as the effects of the Feds plan for relief are scrutinized and the news flow from economic and corporate calendars remain slow. The G20 summit is scheduled to begin Thursday. Reports indicate that the focus will be centered on troubled economies around the globe. Officials are also expected to voice concerns regarding the Feds decision to purchase $600 billion in government bonds to stimulate the sluggish economy in the U.S. Members of the summit are not the only ones with concerns with the Feds plan. Economists are divided and some continue to report that there may be negative long term risks associated with the stimulus plan. Arguments against the plan vary from weakening the dollar, surging commodity prices or displacing investments to foreign markets. At mid day the market indices are all in the red. DJIA is down 19.45 points to 11,392.12. NASDAQ is down 1.22 points to 2,581.15. S&P 500 is down 1.09 points to 1,222.53. The Treasurys 10-year yield is up 0.01 to 2.59%. Oil is up 0.12 to $86.95 a barrel. Gold continues to surge with an increase of 19.80 to $1423.00. Silver is up 1.5030 to $28.93. Author: Pamela Frost

TODAY'S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES November 9th, 2010 Mid Day



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