Market finishes positive before it closes

by jscreationzs

The stock market had a bad opener this morning. It looked like today would be another day, the third market day in a row, where we would see a drop in the stock market. People were still worried about the bad news coming out of Europe and they feared the worst for Europe’s debt crisis.

Thankfully the worries have calmed down, for now at least. It has decreased the losses we have experienced recently and hopefully the worries keep going down. As I mentioned before, the mentality of investors can sway an entire market up or down just based on what they believe will happen. Right now, investors see a brighter future for Europe so the Global Economy is reaping the benefits.

We didn’t see huge gains in the market because all of the green came later in the market day. I actually didn’t even pay attention to the market for a good portion of the day because I was busy. When I first looked at the market, it was about 11am and the market was going down and it looked like it’ll keep going down due to fears about Europe. Then I come back at around 5PM (an hour after the market closes), and everything is in the green. It definitely surprised me, a good surprise.

The Dow Jones Gained almost 69 Points or just 0.6%. It wasn’t a huge gain but it was enough to get us past the 11,000 mark once again. ┬áThe lead isn’t that big, we need to keep seeing rises in the markets over the next few days to keep over the 11,000 mark and aim for the magic 12,000. Will it happen soon? Maybe, there is no way to predict which way the markets will go with the current level of volatility.

The NASDAQ Composite gamed over 27 points or just over 1%. It’s 5 points short of the 2,500 mark. The S&P 500 increased more than 8 points or 0.7%. And the NYSE barely saw an increase. It only rose just over 2 points, not even a tenth of a percent.

Today was not the best day for the stock market, but I’m glad the markets closed on a positive note. Let’s hope the good news keeps coming in. If President Obama’s stimulus proposal is passed by Congress, I’m sure we can see a rally by the stock market. And I also hope that if the package is passed, that it actually solves our problem rather than put another $450 billion hole in our already massive hole.

We’ll have to see how the market does for the rest of the week. Today was definitely shaky but it was a win nonetheless.

Nazmus

Loves creating websites and helping others. Some websites include, EasyProgramming.net, Nazmus.com, and Gamers-Forum.com.

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