It’s been another astounding day on Wall Street, with the Dow Jones industrials soaring nearly 900 points as investors scooped up stocks that were pounded lower in recent sessions.
Analysts said some investors were buying in anticipation that the Federal Reserve will cut its fed funds rate by half a point to 1 percent on Wednesday. Others said the market had just fallen too far, with the Dow having dropped more than 500 points, the previous two trading days.
The Dow is up about 889 points at the 9,065 level. That was its second-largest point gain, coming after the 936 points the Dow jumped on Oct. 13.
(WCBSTV / Wall Street Journal / Bloomberg)
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3 Responses
hashem yischak lomoi
MAY THIS BE THE START OF GOOD DAYS COMING AHEAD OF US! MAY THE DOW KEPP CLIMBING! THANK YOU SO MUCH HASHEM!
Reading the comments on MarketWatch I learned about the PPT, the Plunge Protection Team which manipulates the market. An article about can be found here:
http://www.marketoracle.co.uk/Article464.html
Or search for PPT and the words Stocks.
The people who comment on MarketWatch sometimes wait for these manipulations to happen. It is scary to think this might be true.