|
BIZCHINA> Global Markets
![]() |
|
Dow jumps nearly 900 as investors seek bargains
(Agencies)
Updated: 2008-10-29 06:32 NEW YORK – Wall Street had another astounding advance Tuesday, with the Dow Jones industrials soaring nearly 900 points in their second-largest point gain ever as late-day bargain hunters stormed into the market. The Dow and the Standard & Poor's 500 index each shot up nearly 11 percent.
There didn't appear to be any one catalyst for the surge that saw the Dow nearly double its gain in the last hour of trading. "There is nothing fundamental that came out today or yesterday that would take it up or down. We're all groping for something meaningful to talk about," said Bob Andres, chief investment strategist at Portfolio Management Consultants. "The market is exhausted from going down." But given the relentless volatility in the market -- out of 20 trading days this month, there have been only two that didn't see the Dow close up or down in triple digits -- no one expects that stocks are now headed higher for good. "I don't think it will be a sustained move," said Matt King, chief investment officer at Bell Investment Advisors, of Tuesday's surge. It was clear that investors wanted to buy -- they looked past news of a sharp drop in consumer confidence early in the session. The market's reaction was notable because it was investors' anguish over a likely recession that had them selling just days ago. But analysts don't necessarily see that change of heart as a sign of health. "I would like to hope that a little bit of fear is being replaced by greed at this point," said Kim Caughey, equity research analyst at Fort Pitt Capital Group. "I'm not that happy, though. There's no big news out there." The Dow rose 889.35, or 10.88 percent, to 9,065.12. That was its second-largest point gain, coming after the 936 points the Dow jumped on Oct. 13. The Dow was up 456 points at 3 p.m., an hour before the close, and rose as much as 906.31 before edging back. The gains in the 30 blue chip stocks were stunning -- Alcoa Inc. was up 19.25 percent, while Verizon Communications Inc. rose 14.63 percent. (For more biz stories, please visit Industries)
|
主站蜘蛛池模板: 免费观看欧美性一级| 欧美日韩中文字幕久久伊人| 开心五月激情五月俺亚洲| 久久这里都是精品一区| h动态图男女啪啪27报gif| 中文字幕国产日韩精品| 亚洲乱女色熟一区二区三区| 亚洲一区二区av观看| 久久毛片少妇高潮| 亚洲人成网网址在线看| 麻豆国产va免费精品高清在线| 国产中文字幕精品在线| 国产在线精品一区二区夜色| 国产成人av大片大片| 日韩人妻少妇一区二区三区 | 国产成人久久精品激情91| 韩国理伦片年轻邻居2| 久久亚洲精品情侣| 久久久久99人妻一区二区三区| 丰满人妻一区二区乱码中文电影网| 日本狂喷奶水在线播放212| 亚洲国产一区二区三区最新| 高清有码国产一区二区| 亚洲av日韩在线资源| 日韩人妻无码精品久久| 欧美制服丝袜亚洲另类在线| 国产精品一区二区三区污| 在线看免费无码的av天堂| 久热这里只有精品视频3| 亚洲成av人片在www鸭子| 人妻丝袜AV中文系列先锋影音| 国产精品久久人人做人人爽| 天堂√在线中文官网在线| 樱桃视频影院在线播放| 视频二区中文字幕在线| 亚洲国产成人AⅤ片在线观看| 国产成人一区二区三区视频免费| 国产亚洲欧美日韩国产片| 欧美成人h亚洲综合在线观看| 国产69久久精品成人看| 国产成人8X人网站视频|