Dow adds 300 points in a single day - E46Fanatics E46 BMW Social Directory E46 FAQ 3-Series Discussion Forums BMW Photo Gallery BMW 3-Series Technical Information E46 Fanatics - The Ultimate BMW Resource BMW Vendors General E46 Forum The Tire Rack's Tire Wheel Forum Forced Induction Forum The Off-Topic The E46 BMW Showroom For Sale, For Trade or Wanting to Buy

Go Back   E46Fanatics > Everything Else > The Off-Topic > Political Talk

Political Talk
You may discuss anything regarding politics in this forum ONLY. If you cannot respect others opinions, your access to this forum will be removed.

Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
Old 01-02-2013, 08:07 PM   #1
Registered User
Join Date: Mar 2008
Location: Liberal Paradise
Posts: 346
My Ride: e90,e90, $5k Boxster
Dow adds 300 points in a single day

Biggest single-day gain in over a year. I thought we were going to hell in a bucket?

Dow surges 308 points on 'fiscal cliff' deal

By Andrew Tangel

January 2, 2013, 1:40 p.m.
NEW YORK -- Investors poured back into the stock market in the first trading day of 2013, in a rally seen as a sigh of relief that President Obama and Congress were able to avoid going over the "fiscal cliff."

The Dow Jones industrial average surged 308 points, or 2.4%, to 13,413. Wall Street followed surges in European and Asian equities markets after Washington's last-minute fiscal deal.

The broader Standard & Poor's 500 index rose 36 points, or 2.5%, to 1,462. It was the S&P's best first-trading-day jump since 2009, according to Howard Silverblatt, senior index analyst for S&P Dow Jones Indices.

The technology-heavy Nasdaq gained 93 points, or 3.1%, to 3,112.

Though Washington may have avoided a stalemate that many observers say would have led to a recession, political leaders put off decisions over broad spending cuts in military and social programs to reduce the country’s long-term deficit.

“They turned off the bomb,” said Sean Kelly, head of equity trading at Knight Capital Group. “There’s still danger in the whole thing, but as of right now, there’s no immediate danger.”
Link (for bimmerfan),4090803.story
The Hunter S Thompson of e46f.

Lair is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Censor is ON

All times are GMT -5. The time now is 10:39 AM.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
(c) 1999 - VerticalScope Inc. All rights reserved.