Closing Bell 10.05.07

Author:
Publish date:

Sponsored by the Financial Times.
Employment report! Employment Report! Any gnus is good gnus, with market gnus!
Equities markets shot through the ceiling, only to settle down a bit from record highs—blah, blah, blah—toward the end of the day. The Dow Jones Industrial Average jumped 91.70 to 14066.01. The S&P 500 repealed August, rising 14.75 to 1557.59, beating it’s July record. The Nasdaq Composite Index returned to 2000 levels after gaining 46.75, to 2780.32. On the New York Stock Exchange Friday, risers outnumbered decliners: 2,485 to 794. Around 1.24 billion shares were, uhm, exchanged on the exchange.
Bonds sank. The dollar rose.
More financial companies reported credit crunch losses yet saw their stock prices climb. By our tally, the total is something like $18 billion so far.
The first week of October is a wrap. We're just about DFD. This might be our last weekend of summer-in-autumn weather, and it’s time for Friday drinks. See you next week.
FT Alphaville. Where it's never Columbus Day.

Related