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November 22, 2024

Stock Market Sees Another Solid Day, Gold Reaches Record Highs

Gold sees record highs as stock market has consistent day

Gold sees record highs as stock market has consistent daySan Francisco (Obama.net)- The Stock Market saw another day on September 14th, 2010 that brought it another step closer to being where it was prior to the economic crisis of 2008.

Dow Jones entered the day at 10544.73 points. At midday, it was at 10,579.09 points after dipping down all the way to 10,499.70 points. The Dow Jones peaked at 10,588.32 points. At close, it was at 10,526.49 points, a 0.17 percent decrease.

NASDAQ started the day at 2,281.31 and quickly took a small dip down to 2,274.57 points before jumping up to 2,302.57. At midday, the NASDAQ was sitting at 2,299.80. It closed at 2,289.77 points, a 0.18 percent increase.

The S&P 500 started the day at a solid 1,121.16 points. Just like the Dow Jones and NASDAQ, the S&P 500 initially fell a bit to 1,115.57 points and then, just like the other two, shot up to 1,127.36 points. Then it stabilized at 1,124.39 points before closing at 1,121.10 points. The close was a 0.07 percent increase.

Most of the America bonds saw growth on this day, with some sectors of NASDAQ and the Treasury taking minor hits, but none worth stressing over other than the Treasury interest rates.

The biggest percentage gainers of the day included O.I. Corporation (OICO), Zumiez, Inc. (ZUMZ), and Radware, Ltd. (RDWR)

Some of the better known companies that saw growth included J.C. Penney Company (JCP) and Best Buy, Co. (BBY)

But the biggest winners were those who are invested in Gold, which at midday was at a record high of $1,275.80 per ounce.

One of the bigger losers of the day was Arena Pharmaceuticals, Inc. (ARNA) which at midday saw a fall of nearly 40%.

Another loser of the day was H.B. Fuller Company, which dropped nearly 10% at midday.

In terms of the world market, most would prefer yesterday to today as this day did in fact see losers. While there were definitely more winners than losers, none of the indices in the world market saw great loses worth getting worried over.

While September 14th, 2010 will not be remembered for a great stock improvement, it will go down as a consistent day where even the losers did not really lose much.

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

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