Stock Market News for August 28, 2009 – Market News
Zacks Market Commentaries (August 28th, 2009) Writes:
U.S. stocks recovered from early losses to end the day slightly higher, helped by a rebound in energy, financial and technology shares. Volume was extremely light as investors, lacking in enthusiasm, refrained from taking big positions.
The Dow Jones industrial average, which at one point had given up as much as 84 points, rose 37.11 points, or 0.4%, to close at 9,580.63, its eighth consecutive advance. The broad Standard & Poor's 500-stock index rose 2.86 points, or 0.28%, to 1,030.98. The tech-heavy NASDAQ composite index edged up 3.30 points, or 0.16%, to 2,027.73, helped by a late-session rally in technology shares. Treasuries fell, pushing the yield on 10-year notes up 0.3 point to 3.46%. On the New York Stock Exchange 1.16 billion shares exchanged hands and advancing shares were ahead of those that declined eight to seven.
This morning’s stock futures suggest moderate gains on the opening. Dow Jones
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