Monthly Archives: November 2008


Post-Election Markets Remain Volatile

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on November 6, 2008

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Instead of the anticipated post-election euphoria, U.S. stock markets gave way to post-election anxiety with major indexes plunging on Wednesday following Barack Obama’s history-making victory. While investors can lay to rest the uncertainty surrounding who would next be in the driving seat of the world’s superpower, the U.S. and the rest of the world are still facing enormous financial challenges for which there is no quick fix. The Dow Jones industrial average lost as much as 513 points during the day, rallying slightly later to close at a loss of 486 points, or...

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U.S. Markets Enjoy Election Day Rally

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on November 5, 2008

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Monday saw U.S. stocks end the day virtually flat, presumably in anticipation of the Tuesday presidential elections. However, on Tuesday, before the outcome of the elections were confirmed, Wall Street rallied quite impressively with the Dow Jones industrial average rising 305.45 points, or 3.28 percent, to close at 9,625.28. The Standard & Poor’s 500 gained 4.08 percent, or 39.45 points to close at 1,005.75, being the first time it has closed above 1,000 since 13 October. The Nasdaq composite index rose 53.79 points, or 3.12 percent, to close at 1,780.12, marking the sixth...

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U.S. Stock Markets Subdued Ahead Of U.S. Presidential Election

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on November 4, 2008

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U.S. stock markets were rather subdued on Monday, closing practically flat ahead of Tuesday’s presidential election. The Dow Jones industrial average dropped 5.18 points (0.06 percent) closing at 9,319.83, while the broad-market Standard & Poor’s 500 index fell 2.45 points (0.25 percent) closing at 966.30 and the Nasdaq composite increased 5.38 points (0.31 percent) to close at 1,726.33. In Europe, the London FTSE gained 1.51 percent, the Paris CAC40 rose 1.17 percent and Frankfurt’s DAX rose 0.62 percent.

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October Marks Worst US Trading Month in 21 Years, World Leaders Prepare To Review Global Finance Regulations.

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on November 3, 2008

Although trading picked up substantially on Friday, ending on a positive note for the second day in a row, it nonetheless brought to a close the worst month that the US stock market has experienced in 21 years. For the month of October the Dow Jones industrial index declined 14.1 percent, while the Standard & Poor’s 500 index was down 16.9 percent, which many agree that, although being down, is better than was anticipated. The advance in Friday’s market, primarily as a result of investors taking a chance on buying up bargain stocks,...

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