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Dow Soars Above 9000

admin — Fri, 24 Jul 2009 23:06:18 +0000

Solid earnings at Ford Motor Co. and others, sent the Dow Jones Industrial Average (DJIA) soaring above 9000 points in the early hours of trading yesterday. This marked the first time that the world’s best known stock market gauge had risen above the 9000 mark since January 2009.

Likewise, the Standard & Poor’s 500 Index (S&P 500) hit 967.53 yesterday morning, its highest level since November 2008. The DJIA and S&P 500 continued their winning streaks for the rest of the day, adding 2.12% to close at 9069.29 points and 2.33% to 976.29 points respectively.

Dow Jones & S&P End Lower Yesterday

admin — Tue, 23 Jun 2009 17:25:10 +0000

In trading yesterday, the Dow Jones Industrial Average closed at 8339.01, down 200.72 points (2.35%) from the day’s start. Similarly, the Standard & Poor’s 500 Index slumped 2.6% to 893.04 points, following the first weekly decline in more than a month.

Most of the indices’ decline is due to the World Bank announcement that it expects the global economy to contract by 3% this year, up from the Bank’s previous forecast of 1.7% in March. Additionally, the bank expects unemployment and poverty to rise 2.9% in 2009.