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New York - Election Boosts U.S. Stocks Up More Than 300 Points |
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Published on:
Nov 04, 2008 at 04:04 PM
News Source: CNBC
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Major averages shot to their session highs in the final minutes of trading.
The market was on track to register perhaps its largest Election Day gain ever, though the historical trend has been for a late-day selloff. Traders weren't making any bold predictions.
"If you look at what's happened over the last two months, everything we've thought about the economy, about markets, about charts, about everything has been completely destroyed," Peter Costa, of Eckhardt & Co., said on CNBC. "So I don't know if we really want to start reading anything into that late day selloff on Election Day."
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Read Comments (3) — Post Yours »
1
Nov 04, 2008 at 04:17 PM very frightened Says:
rabboissai enjoy the one day that stocks soared because if c"v Osama hussein wins this will be the last time you see the stock market with any gains....... its sooooo scary we should all call nefesh bnefesh tomorrow and pack our bags and await for moshiach in ir hakodesh..............
2
Nov 04, 2008 at 05:11 PM Anonymous Says:
Is this a sign that people are more optimistic if Obama wins?
3
Nov 04, 2008 at 07:51 PM murray Says:
#2-why would you draw that conclusion? The candidates are running a tight race, and you sir, assume that Big Business wants and expects an Obama win-REDICULOUS!