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TUESDAY, NOVEMBER 24, 2009
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4

Dow Falls 30 to End Best Quarter in 10 Years

Dow makes 15% Quarterly Gain, amid disappointing economic data for September

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(Newser) – Disappointing economic data drove stocks lower today but couldn't dent strong gains for the third quarter. ADP reported bigger job losses than expected in September, and the Chicago Institute for Supply Management's business index dropped more than expected. The Dow fell 30 points to close at 9,718. The Nasdaq lost 2 points, settling at 2,122, while the S&P 500 dropped 4 points to close at 1,057, the Wall Street Journal reports.

  • For the third quarter, the Dow and S&P 500 rose 15%—the Dow's best quarterly gain since 1998—and the Nasdaq added 15.7%.
  • Over September, the Dow gained 2.3%, the Nasdaq added 5.6%, and the S&P 500 rose 3.6%.

Trader Warren Meyers works on the floor of the New York Stock Exchange in this undated file photo.
Trader Warren Meyers works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
Traders work on the floor of the New York Stock Exchange in New York in this undated file photo.
Traders work on the floor of the New York Stock Exchange in New York in this undated file photo.   (AP Photo/Seth Wenig)
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We're spending a lot more time thinking about macro data and what it's telling us, as we're trying to gauge the strength of the recovery. There's still heightened uncertainty.
- Carl Gardiner, Schafer Cullen Capital Management

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4 comments
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rkossik
Sep 30, 09 3:34 PM CDT
Good news for Obama! Reply
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kokuaguy
Sep 30, 09 3:47 PM CDT
; ^) Reply
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+1
Jayster999
Sep 30, 09 9:44 PM CDT
Best quarter in 10 years? I thought the best quarter would have been back before everyone's pensions were wiped out. Reply
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IN RESPONSE:
JonmarkP
Sep 30, 09 11:38 PM CDT
Hmmm... maybe you're not the Bush fan I thought you were, since it was his doing.
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