Fiscal cliff may derail Market momentum gathered in November
December 5, 2012
Clarksville, TN – Even though the market indexes showed little change in November, the end of 2012 looks promising as the U.S. economy rebounded despite a highly contentious election cycle and the devastating effects of Hurricane Sandy thanks to some encouraging numbers from key indicators.
The Dow Jones Industrial Average experienced a post-election trough and ended the month north of 13,000, but still flat compared to the end of October. The NASDAQ mirrored the DJIA, bottoming at 2,837 on November 15th to close at a near month-high at 3,010. Likewise, the S&P 500 rallied from a low of 1,353 for November to end the month at 1,416. [Read more]
Market Update: November seems promising after an eventful October
November 4, 2012
Clarksville, TN – This has been an interesting month, to say the least. Not only did we mark the 83rd anniversary of the Black Tuesday stock market crash, but we also saw Hurricane Sandy shut down the New York Stock Exchange for two days during the final week of the month.
The last time a hurricane closed the NYSE was September 1985. We have to go back to 1888 for the last time markets closed on consecutive days due to weather. [Read more]
