Stock Market Takes a Friday Jump
August 7, 2009 by Stephen Kersey
Filed under Business
On Friday, the stock market showed more signs of improvement. With the stock indexes all on the rise, it is apparent that investors are really starting to feel confident.
The Dow Jones industrial average was up to 9,370.1 — a jump of more than 1%. The Nasdaq index was up almost 1.5% to finish Friday over, 2,000. The Standard & Poor’s 500 was up 1.3% to finish the week at 1,010.5. The best news was seen on the Russell 2000, which rose to 572.4 — a jump of more than 2.5%.
The most common reason given for the improvement on the stock market for Friday were the better than expected job statistics. The Labor Department released news that the unemployment rate actually improved in July. That triggered a sense that the bottom of the economic trouble in the United States had finally been reached.
However, there are some experts who believe that the stock market has improved too quickly in recent months and that a downturn could be just around the corner. It’ll be interesting to watch in the forthcoming months to see if what we are experiencing is a true rebound or just a hiccup.
Stock Market (Image: Flickr)
