Author Topic: "The Day After" Election Reaction - the NYSE  (Read 2575 times)

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Mimi

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"The Day After" Election Reaction - the NYSE
« on: November 07, 2012, 10:46:15 AM »
NEW YORK (CNNMoney) -- A sell-off on Wall Street gained momentum Wednesday, with the Dow falling below 13,000 for the first time in two months, as investors focused on how President Obama plans to avoid the fiscal cliff after he won re-election Tuesday night.

The Dow Jones industrial average fell more than 300 points, or 2.3%.


http://money.cnn.com/2012/11/07/investing/stocks-markets/index.html?iid=Lead
  For ever, O LORD, thy word is settled in heaven. Psalm 119:89 

Mimi

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Re: "The Day After" Election Reaction - the NYSE
« Reply #1 on: November 07, 2012, 10:50:27 AM »
Index                             Last Change    % Change
Dow    12,976.75         -268.93    -2.03%
Nasdaq    2,948.48        -63.45    -2.11%
S&P 500    1,400.50       -27.89    -1.95%
Treasuries    1.63           -0.12     -6.60%
  For ever, O LORD, thy word is settled in heaven. Psalm 119:89 

Mimi

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Re: "The Day After" Election Reaction - the NYSE
« Reply #2 on: November 07, 2012, 04:57:26 PM »
At the end of the day:

NEW YORK (CNNMoney) -- A sell-off on Wall Street gained momentum Wednesday, with the Dow closing below 13,000 for the first time in three months, as investors focused on how President Obama plans to avoid the fiscal cliff after he won re-election Tuesday night.

A weak outlook for economic growth in Europe and European Central Bank president Mario Draghi's warning of a slowdown in Germany also weighed on the market.


Markets
Stocks

Dow    12,932.73    -312.95    -2.36%
Nasdaq    2,937.29    -74.64    -2.48%
S&P 500    1,394.53    -33.86    -2.37%

Bonds & Currencies
10 Year Yield    1.63%    -0.11    --
1 Euro    $1.2751    -0.0059    -0.4606

Commodities
Oil    $84.67    +0.23    +0.27%
Gold    $1,716.00    +2.00    +0.12%
  For ever, O LORD, thy word is settled in heaven. Psalm 119:89 

Wally

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Re: "The Day After" Election Reaction - the NYSE
« Reply #3 on: November 07, 2012, 05:30:25 PM »
This usually drives the price of oil down.  ;D
So likewise ye, when ye shall have done all those things which are commanded you, say, We are unprofitable servants:  we have done that which was our duty to do.  Luke 17:10

Mimi

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Re: "The Day After" Election Reaction - the NYSE
« Reply #4 on: November 07, 2012, 06:44:52 PM »
And what else is going to go down with it? Everything! We will be back to horse and buggy or, how about bicycles?
  For ever, O LORD, thy word is settled in heaven. Psalm 119:89 

Richard Myers

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Re: "The Day After" Election Reaction - the NYSE
« Reply #5 on: November 08, 2012, 10:38:15 PM »
Yes, I was looking for my bike when the price of gas was over $4/ gal. Either way, it won't be long before we will be going home!
Jesus receives His reward when we reflect His character, the fruits of the Spirit......We deny Jesus His reward when we do not.