In the words of one Ice Cube: “Today was a good day.”
The DJIA gained a massive 1.5%, closing at 10583 whilst the NASDAQ and S&P 500 ended up 1.73% and 1.6%, respectively.
Nearly every sector was up, with the exception of “home improvement” and some utility companies. One of the biggest problems on the Street today was the Rambus (RMBS) “fat finger” fiasco in which all trades below $20.73 a share were canceled.
Overall, the bulls reigned king and picked up right where they left off last year.
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See Also:
- Bulls: The World Is Coming Unglued, And We’re Down Less Than 1%
- The Dollar Bulls Are Multiplying Like Rabbits
- Black Friday Is A Day For The Bulls