Stocks surge; Dow up 200+ points, S&P 500 breaks even for 2009Read more: http://www.nydailynews.com/money/2009/05/04/2009-05-04_stocks_surge_sp_500_nears_breakeven_for_2009.html#ixzz0EdTPOWJ3&B
the economy had investers running to the stocks on monday because it put wall street close to breaking even for the year. the dow jones has jumped 200 points for the year. this is the second gain after five different decreases. The National Association of Realtors said its index of pending sales for previously occupied homes rose 3.2 percent to 84.6. That was well ahead of the 82.1 economists had been expecting and the second month of gains after the index hit a record low in January. i choose this article because it was very interesting that the dow jones has skyrocketed .The Standard & Poor's 500 index rose 19.51, or 2.2 percent, to 897.03, its first move above 900 since Jan. 9. The index was about 1/3 of a percent from being flat for the year.Another concern for the market is the release Thursday of the results of the government's "stress tests" on the 19 largest U.S. financial companies. Some analysts have worried in recent weeks that renewed anxiety about the state of the financial system could upend the market's powerful two-month advance, which has sent the S&P 500 index up 29.7 percent since March 9.
Tuesday, May 5, 2009
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King75, I need your name to give you credit! Overall, you did a good job, but your summary left out an important point: WHY the stock market rose. You also left out your assessment of the source.
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