Investors and traders were sweating; It wasn’t the heat.

Posted By on August 3, 2011

Close call.

Blue-chip stocks reversed a steep morning drop to snap an eight-day losing streak. The Dow Jones Industrial Average gained 29.82 points, or 0.3%, to finish at 11896.44. The Standard & Poor’s 500-stock index gained 6.29 points, or 0.5%, to 1260.34, while the Nasdaq Composite added 23.83 points, or 0.9%, to 2693.07, after falling briefly into negative territory for 2011.

via online.wsj.com

Posted via email from RichC’s posterous

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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.
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