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October 24, 2016

Stock Market Continues Its Rally, Nasdaq Up Half Percent

At the middle of the week of another week of the stock market, spectators once again see a positive day that was another solid step towards an economic recovery for the United States and the rest of the free world.

The Dow Jones entered the day at 10,526.42 points. At midday, the industrial average was at 10,549.54 points, a respectable growth for the middle of the day. At close, the Dow Jones was at 10,572.73 points, which was a 0.44% percent increase.

NASDAQ started the day out with 2,283.17 points, about the midrange of its last 52 weeks. After a quick dip, the NASDAQ Composite rose to 2,296.77 at midday. Come the end of the day for the market, the NASDAQ was at 2,301.32 points, a 0.5% percent increase.

The S&P 500 began the day with 1,119.43 points, also a midrange for the last year for the index. The S&P 500 shot up early and was sitting at 1,121.76 at the middle of the day. At the close of the market, the S&P 500 ended with 1,125.07 points, a 0.35% percent increase.

At midday, both oil and gold were down a few points each, with oil taking a percentage hit of more than three times greater than gold.

The price percentage winners of the day included Savient Pharmaceuticals Inc. (SVNT) and Travelzoo Inc. (TZOO)

The loser of the day was Universal Travel Group. (UTA)

In the world market, the Americas and Asia had fairly successful days, while Europe, Africa, and the Middle East took some minor percentage hits.

At the end of the day, things were not as solid as they were at the start of the week. Things actually took a dip from Tuesday as well, resulting in not a bad day, but a day that was not as good as most economists and traders would have hoped for.

The American markets faired well, showing Americans that an economic recovery is on the way as the stock market took a minor step towards being where it was just a few years ago before the 2008 crash and crisis.

About Mark Ryabtsev 329 Articles
Mark Ryabtsev is head writer for He stays up to date on all Obama news and brings you the most important issues.

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