Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


 MARKETS 
1

Dow Surges 132 as Dollar Falls

Commodities surge as dollar falls

Share

(Newser) – Stocks indices saw big gains today as a result of a global chain of events: Australia’s central bank raised interest rates, the first to do so since the recession began. The move stoked optimism about the global economy and sank the value of the US dollar, which in turn boosted commodity prices—and the stocks of commodity firms. The Dow gained 132 points to close at 9,731. The Nasdaq added 35 points, rising to 2,104, and the S&P 500 gained 14 points to settle at 1,055, the Wall Street Journal reports.

Traders work on the floor of the New York Stock Exchange Tuesday, Oct. 6, 2009.
Traders work on the floor of the New York Stock Exchange Tuesday, Oct. 6, 2009.   (AP Photo/Richard Drew))
Traders surround a post on the floor of the New York Stock Exchange Tuesday, Oct. 6, 2009.
Traders surround a post on the floor of the New York Stock Exchange Tuesday, Oct. 6, 2009.   (AP Photo/Richard Drew))
Traders Paul Lawless, left, and Stephen Guilfoyle, right, work on the floor of the New York Stock Exchange Tuesday, Oct. 6, 2009.
Traders Paul Lawless, left, and Stephen Guilfoyle, right, work on the floor of the New York Stock Exchange Tuesday, Oct. 6, 2009.   (AP Photo/Richard Drew))
« Prev« Prev | Next »Next » Slideshow

Today it's really all about the US dollar, as the move higher is really being driven by these commodities. People are moving into more risky asset classes, and it's a hedge against the weakening U.S. dollar. - Christopher Foxall, Lighthouse Financial

« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
1 comment
VIEWING:
 
Robert_Dada
Oct 6, 09 6:58 PM CDT
Nice, but when is anyone going to do anything about naked short selling? Reply
Vote up! Vote down!
+1
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

651 Stories

MARKETS

 Dow Up 31 on Jobs, Income 

Weekly jobless claims hit 14-month low

Nov 25, 09 3:08 PM CST
(Newser) - Stocks saw solid gains as positive data on personal income and jobless claims raised hopes for a solid post-Thanksgiving shopping season, the Wall Street Journal reports.
  • The Dow rose 31 points, closing at 10,464.
  • The Nasdaq gained 7 points, settling at 2,176.
  • The S&P
... More »

MORE ABOUT:
Dow Jones • Nasdaq • S&P 500

MARKETS

 Dow Drops 17 Points  

Home prices rise but fail to meet expectations

Nov 24, 09 3:17 PM CST
(Newser) - Stocks almost managed to recover from steep losses suffered early in the day but ended in the red. Among the factors: China signaled it's ready to tighten credit, and September home prices rose but less than expected, the Wall Street Journal reports.
  • The Dow closed down 17 points at
... More »

MORE ABOUT:
Dow Jones • Nasdaq • S&P 500

MARKETS

 Up 133, Dow Hits New '09 High

Data on home resales spur rally

Nov 23, 09 3:18 PM CST
(Newser) - Stocks rallied today on news that home resales jumped 10.1% in October and comments from the president of the St. Louis Fed reaffirming the government's extended commitment to support the credit markets, the Wall Street Journal reports.
  • The Dow jumped 132.79 points to close at 10,450.
... More »

MORE ABOUT:
Federal Reserve • Dow Jones • home sales • Nasdaq • existing home sales • S&P 500 • existing-home sales

651 Stories


Business 
TwitterFollow @NewserBusiness on Twitter

 
Australia • Dow Jones • Nasdaq • commodities • S&P 500

from our news partners