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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (183225)7/24/2002 7:55:21 PM
From: MythMan  Read Replies (3) of 436258
 
From the Washington Post..

>>Wall Street had one its strongest days ever today as the Dow Jones industrial average recovered from a 170 point morning slump to gain almost 489 points--its second biggest point gain ever.

The Dow's 6 percent gain brought the index up to 8,166.58. The Standard & Poors 500 stock index was up 5.3 percent, climbing 42.46 to 840.16. The Nasdaq Stock Market composite index picked up 4.1 percent, closing at 1,279.16, up 50.11.

The New York Stock Exchange estimated the volume to be the biggest in history--2.7 billion shares.

The unexpected rebound left investors wondering whether Wall Street's long slide may finally be ending and had marketwatchers scratching their heads to explain what turned things around today.<<
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