Your Black Money: Stock Market Starting to Rally

17 Mar

Stocks recharged the advance Tuesday afternoon, with bank and technology stocks leading the effort, as investors continued to pile back in after sending the market to 12-year lows last week.

The Dow Jones industrial average (INDU) added 80 points, or over 1%, with under two hours left in the session. The S&P 500 (SPX) index rose 11 points, or 1.5%. The Nasdaq composite (COMP) gained 26 points, or 1.9%.

A better-than-expected housing market report released Tuesday gave investors a data point to key off. But the advance over the past week has been driven largely by a rubber band effect after all the selling, said John Merrill, chief investment officer at Tanglewood Wealth Management.

 

Click to read.

Advertisements

One Response to “Your Black Money: Stock Market Starting to Rally”

  1. stock June 1, 2009 at 6:11 am #

    OHH I am amazed with it. It is a good thing for my search on the net. Thanks. ^_^

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: