The Nasdaq
is the highest it's been in 13 years. “Dow rose 61.07 points, or 0.4 percent,
to close at 15,570.28.” (Associated Press). “Nasdaq composite was up 14.40
points, or 0.4 percent, to 3,943.36.” (Associated Press). Stocks went up a tad
after Merck earnings had plunged. Dow Jones industrial average slightly lower
after reporting a 35% plunge in profits. This was because of competition from
generic drugs. “30 industrials 15550.31 down 19.97 or -0.13 percent 20
transportation 7030.59 up 21.54 or 0.31 percent 15 utilities 506.63 up 0.06 or
0.01 percent 65 stocks 5387.82 up 1.10 or 0.02 percent Major Market Indexes New
York Stock Exchange 10046.41 down 7.45 NYSE MKT Exchange 2459.39 up 2.76 Nasdaq
composite 3938.42 down 4.94 Standard and Poors 500 1759.22 down 0.55 Volume for
unknown hour Today Previous Session NYSE 355,944,114 376,489,722 NYSE MKT
10,988,695 9,128,577 Nasdaq 208,308,561 297,022,569 NYSE - Market Did Advanced
1282 1781 Declined 1511 1297 Unchanged 156 95 Total 2949 3173 New highs 99 250
New lows 3 13 NYSE MKT COMPOSITE - Market Did Advanced 164 229 Declined 150 183
Unchanged 33 25 Total 347 437 New highs 12 16 New lows 2 2 Nasdaq - Market Did
Advanced 1064 1193 Declined 1158 1341 Unchanged 148 117 Total 2370 2651 New highs
98 240 New lows 5 18” (AP). “The Dow Jones Industrial Average has hit new highs
repeated over the course of the year and has risen almost 19% since the
beginning of the year.” (Dan Caplinger ). Stocks drop 6% in 2013. “Caterpillar,
which is down 3.5% so far this year, has one overarching reason for its bad
fortune lately: China.” (Dan Caplinger). Then came the slowdown in China. ExxonMobil
that has fallen over the past year has risen once again, but only slightly in
2013. Could the double dow be gaining speed? Whitney Kisling & Inyoung
Hwang wrote an article explaining the rate and percentages of the stocks called
“Small-Caps Double Dow in Signal Economy Gaining Speed” just today, October 28th,
2013. They’ve said that “smallest stocks are rallying almost twice as fast as
bigger companies in the U.S.”. They also got facts to prove so here: http://www.bloomberg.com/news/2013-10-27/small-caps-double-dow-in-signal-economy-is-gaining-speed.html
If you would like to know more information on the gains of
stocks just go read that article.
