Dow surges 123 points well into record territory

Posted By on October 4, 2006

Closing BellThe stock market continues its October rally as the Dow soared up another 123 points today closing at an all time high of 11,850.61. The rally is credited to lower interest rates as Federal Reserve Chairman Bernanke sees a strong economy even with a slumping housing market. The big news was General Motor saying “no” to an alliance with Nissan and Renault which sets up a continuing power struggle in remaining the world’s leading car maker.

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.