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donsutherland1 · 07-01-08, 04:10 PM

Wall Street’s Bull lives for another day…

After having dipped to as low as 11,183.43 (-166.58) during early afternoon trading, the Dow Jones Industrials roared back to close at 11,382.26. That was +32.25 from yesterday’s close. With the Dow Jones Industrials gaining ground, that major stock market gauge remains above the Bear market threshold of 11,331.62.

Despite today’s gain, the Dow is presently 19.6% lower than its October 9. 2007 peak. In inflation-adjusted terms, the Dow is 22.9% below its peak.

Earlier in the day, oil settled at a record $140.97 per barrel. In after-hours electronic trading, crude oil was recently quoted at $141.40 per barrel.

07-01-08, 04:10 PM	#19 (permalink)
donsutherland1 Moderator Mod team member Join Date: Oct 2007 Last Online: Today 12:29 PM Location: New York Posts: 2,467 Thanks: 814 Thanked 1,571 Times in 877 Posts Lean: Centrist Gender: Awards:	Re: U.S. Stocks Tumble: Some Comparisons from Past Recessions Wall Street’s Bull lives for another day… After having dipped to as low as 11,183.43 (-166.58) during early afternoon trading, the Dow Jones Industrials roared back to close at 11,382.26. That was +32.25 from yesterday’s close. With the Dow Jones Industrials gaining ground, that major stock market gauge remains above the Bear market threshold of 11,331.62. Despite today’s gain, the Dow is presently 19.6% lower than its October 9. 2007 peak. In inflation-adjusted terms, the Dow is 22.9% below its peak. Earlier in the day, oil settled at a record $140.97 per barrel. In after-hours electronic trading, crude oil was recently quoted at $141.40 per barrel.