Monthly Archives: July 2009


Third Quarter Kicks Off On Positive Note On Wall Street

Submitted by
on July 2, 2009

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Wall Street started the third quarter of 2009 on a positive note, with all three major stock indicators notching up small gains on Wednesday. The Dow Jones industrial average rose 57 points, the Standard & Poor's 500 gained 4 points, and the Nasdaq composite climbed 11 points, being 0.7 percent, 0.4 percent and 0.6 percent respectively. The improved performance of stocks is being attributed primarily to better than expected housing and manufacturing reports. An especially encouraging aspect of the manufacturing reports is that customer inventories are too low, suggesting that production figures should pick...

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