Thursday’s Market Recap (03/19/09)
Bullish Bankers (March 19th, 2009) Writes:
Today the markets fell for the first time in three days. The Dow Jones and the S&P fell 1.15% and 1.30% respectively, while the NASDAQ closed down 0.52% at 1,483.48. The 10-year was down today closing at a yield of 2.597%. Oil was up 7.21% to $51.61 and gold was up 7.5% the largest gain since September. Oil and gold both surged today due to the weakening dollar.
While, the market was down today winners could be found in energy stocks due to the rise in the price of oil. Chevron [CVX: 67.13, +0.54 (+0.81%)] was up 1.4% and Occidental Petroleum [OXY: 58.98, +2.14 (+3.76%)] was up 4.2% to close the day at $59.25. These companies have been hurt lately due to the falling oil prices and are hoping that these prices continue to rise. For those investors who have held on and even dollar cost averaged
...bullish bankers, Citigroup, Dow 30, energy counterparts;, Energy Stocks, Financial, GE Capital, General Electric, Market Commentary, Matt Shannon;, Nasdaq 100, Occidental Petroleum, Oil, Oil Prices, Prudential Financial, S&P, USD


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