Thursday, September 8, 2011

Dow Jones Jumps 276 Points After Plunging 474 In Last 3 Sessions

Wall Street Outlook: Dow Jones jumps 276 points after plunging 474 in last 3 sessions
After plunging 474 points in the last three trading sessions, the Dow Jones surged 276 points or 2.5% as fears about Europe’s debt troubles abated and the Fed found modest economic expansion in its Beige book survey.

Sentiment was also boosted by hopes that Obama's expected US$300bn proposal to boost jobs will spur new domestic growth in its highly anticipated speech tonight.

Meanwhile, Bernanke will also deliver a speech on the economy.

Dow Jones Daily : Immediate Resistance At The Upper Upward Channel


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