With a European rally and good news coming from the US Treasury, today was another interesting day on Wall Street with some terming it Manic Monday (not to be confused with the delightful Bangles ditty). Indeed, a lot of records were set, but this time, they were the good kind.
After the worst week in its 112-year history, the Dow soared 936 points, the largest point increase ever (almost doubling the next largest of 499 points back in 2000), to close at 9,387.61. Percentagewise, that’s an 11% gain, the highest since March 1933.
Other indices were also up. The Nasdaq was up 195 points, 11.81%, the second largest percentage gain ever. Similar to the Dow, the S&P500 saw its largest point gain ever and largest percentage gain since 1933 with a jump of 104 points (11.5%).
If only all Columbus Days (or Indigenous People’s Day if you’re in
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1 gxwdqjscyy // Nov 13, 2008 at 12:03 pm
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