Tuesday, October 28, 2008

Second Best Day Ever for the Dow

The markets have been plummeting for some time now, but today the Dow rose 906 points, making today the second-biggest one-day gain in history. The big rally created an 11 percent gain. Likewise, the Standard & Poor 500 gained 91.6 points, amounting to its second-biggest one-day point gain as well. The NASDAQ followed suite and gained 143.6 points, or 9.5 percent. 

Despite these gains, October may remain one of the worst months in Wall Street's history. However, these surges offer hope to investors who haven't seen positive action since the summer. Even if the markets take much longer to pull out of the recession, marking the good days promotes optimism - something we need right now.   

1 comment:

Powerpuffgirl said...

I just want to say that I am so happy to have run across your blog. As you say, there is a lot of negative news...so your blog is a refreshing reminder of life's positive happenings. Fantastic work - keep it up!