Friday’s Market Recap (1/2/09)
Trading volume was low again on the first trading session of 2009 sending markets into the green. The Dow Jones Industrial average ended 258 points higher and closed at 9,034 points. The Nasdaq composite index was up 55 points and closed at 1,632 points. The S&P 500 was up 28 points and finished at 931 points. The three major indexes have gone up over 6% for the week. The Russell 2000 index was 6 points higher and closed at 505 points. Overseas, Britain’s FTSE 100 was up 2.88% and Japanese markets were closed due to a holiday. Investors seem to have started to New Year with some optimism. On the NYMEX, oil prices settled at $46.40 per barrel for the day. As in the equity markets, analysts believe light trading is sending crude prices [More...]
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