Dow jumps 936 points in biggest point gain ever
10/13/2008:
Last week was one of the worst week in the history of US financial markets with the Dow, SP and Nasdaq lossing a lot of ground, but today, the markets seems to have turned a corner with biggest point gain ever for the Dow. The Dow surged 936 points (11%), SP added 11.7%, Nasdaq added 11.8%. Has investors looked for bargins or bet that the worst of the credit crisis is over. We will have to wait to see if this is the start of a Bull market or just a one day shot up.
Last week was one of the worst week in the history of US financial markets with the Dow, SP and Nasdaq lossing a lot of ground, but today, the markets seems to have turned a corner with biggest point gain ever for the Dow. The Dow surged 936 points (11%), SP added 11.7%, Nasdaq added 11.8%. Has investors looked for bargins or bet that the worst of the credit crisis is over. We will have to wait to see if this is the start of a Bull market or just a one day shot up.
Labels: world-market
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