Yesterday, notes Mr Secker, , the Dow Jones industrial average ended the session up 30 points at 9,539, its highest close since 4 November 2008 and the sixth consecutive day of gains. Banks cheered Obama’s decision to keep Bernanke, with Bank of America and JP Morgan both among the best of the risers. Yesterday, notes Mr Secker, , the Nasdaq Composite Index closed up 2.43 points to close at 1028.00. The S and P 500 index closed up 2.43 points at 1028.00. A further boost to sentiment was given by better than expected consumer confidence figures and an unexpected upturn in the US housing market.

This entry was posted on August 26, 2009 at 1:05 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Posted in Greg's Commentary by Greg No Comments Yet