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Stock Market --Dow over 10,000 WAKE UP!!!
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<blockquote data-quote="klein" data-source="post: 633541" data-attributes="member: 23950"><p>Just get that dollar back down, so us investors can earn more money !</p><p>Please, start those presses !<img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p><p> </p><p><strong>11/12/2009 4:30:00 PM ET </strong></p><p>[BRIEFING.COM] A stronger dollar dampened the mood of participants for the entire session, resulting in broad-based losses for stocks. </p><p> </p><p>Stocks had spent the first part of the session chopping around listlessly, but began to slide as the U.S. dollar was able to further extend its rebound from the previous session, when the Dollar Index registered a fresh 52-week low. Though the greenback made a couple of pullbacks in the early going, it never left positive territory. That induced some short covering, which helped it finish the session with a 0.8% gain, its best single-session percentage advance in more than one month. </p><p> </p><p>Stocks chopped along in listless action during the early going and briefly made their way to modest gains amid momentary pullbacks by the greenback, but stocks soon fell into the red as the dollar firmed up its gains. Amid the dollar's strong advance, the S&P 500 logged its worst performance by percent of this month, though to be fair, the only other loss this month took place earlier this week when the broader market slipped less than 0.01%. </p><p> </p><p>Energy stocks were the worst performers this session. Their weakness was worsened by sharply lower oil prices, which dropped 3.0% to settle pit trade at $76.91 per barrel. Oil prices had started pit trade lower amid gains in the greenback, but its slide was exacerbated by disappointing weekly inventory data. Both crude oil and gasoline had surprisingly large builds. </p><p> </p><p>Strength in the dollar weighed on other commodities, too. In turn, the CRB Commodity Index fell 1.6%.</p></blockquote><p></p>
[QUOTE="klein, post: 633541, member: 23950"] Just get that dollar back down, so us investors can earn more money ! Please, start those presses !:wink2: [B]11/12/2009 4:30:00 PM ET [/B] [BRIEFING.COM] A stronger dollar dampened the mood of participants for the entire session, resulting in broad-based losses for stocks. Stocks had spent the first part of the session chopping around listlessly, but began to slide as the U.S. dollar was able to further extend its rebound from the previous session, when the Dollar Index registered a fresh 52-week low. Though the greenback made a couple of pullbacks in the early going, it never left positive territory. That induced some short covering, which helped it finish the session with a 0.8% gain, its best single-session percentage advance in more than one month. Stocks chopped along in listless action during the early going and briefly made their way to modest gains amid momentary pullbacks by the greenback, but stocks soon fell into the red as the dollar firmed up its gains. Amid the dollar's strong advance, the S&P 500 logged its worst performance by percent of this month, though to be fair, the only other loss this month took place earlier this week when the broader market slipped less than 0.01%. Energy stocks were the worst performers this session. Their weakness was worsened by sharply lower oil prices, which dropped 3.0% to settle pit trade at $76.91 per barrel. Oil prices had started pit trade lower amid gains in the greenback, but its slide was exacerbated by disappointing weekly inventory data. Both crude oil and gasoline had surprisingly large builds. Strength in the dollar weighed on other commodities, too. In turn, the CRB Commodity Index fell 1.6%. [/QUOTE]
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