Tuesday, August 9, 2011

DJIA Dow Jones Index DJX DJI Nasdaq IXIC S&P 500 INX Stock Market Today Investing News Close

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dow2664 Stock futures were in improved position this morning and the rebound stage was set. Through mid-day, the major stock index composites were posting green in the U.S. and investors were optimistic that the Feds would provide additional economic stimulus to prop up the economy. The negative response to the credit downgrade pushed index composites exceptionally low yesterday as the DJI finished with such negative outcomes, one had to go back years to find another quite so poor. Wall Street investors felt that this action would push the Feds to move towards further economic stimulus. This did not happen and as a result, index trends were choppy. The Federal reserve stated that interest rates will remain exceptionally low through 2013, but no further indication was given regarding additional stimulus to the U.S. economy. Stock indices look to hold onto at least some of the gains as the trading session wraps up today. The dollar dropped lower to the euro and Japanese yen and gold retained its luster as it moved higher. Approaching close, the indices were still green. The Dow Jones Industrial Average was positive by 2.78 percent at 11,110. The Nasdaq was green by 3.85 percent at 2,450 and the S&P 500 was up by 3.35 percent at 1,157. Frank Matto



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