Friday, October 23, 2009

Market Review (Week 1):

The week of 10/12/09 to 10/16/09 ended on a good note for the S&P 500 when the market value was 1087.68 on the 16th. The best day of the week was Thursday, after the market rose above 1096. In addition to this, DJIA also had a very successful week with a week-ending value of 9955.19. This increase was fairly good compared to the 9885.75 value that the DJIA had in the beginning of the week. As it was with the S&P 500, Thursday was also represented a good day for the DJIA with the value rsing above 10,000 for that day. While not having the as good advances as the S&P 500 and the DJIA, the NASDAQ also ended the week on a positive note. It started the week with a value of 3193.13, and it ended with 2156.80. Thursday was also a good day for the NASDAQ, where it reached a value of 2173.29. Overall, the stock market did great this week, and maybe even provided investors with hopes of our recession coming to a gradual end.

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