Dow surges 123 points well into record territory
Posted By RichC on October 4, 2006
The 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.
Comments