{"id":8840,"date":"2011-11-02T12:01:52","date_gmt":"2011-11-02T17:01:52","guid":{"rendered":"http:\/\/www.discoverclarksville.com\/articles\/?p=8840"},"modified":"2011-11-02T11:55:09","modified_gmt":"2011-11-02T16:55:09","slug":"volatile-october-ends-five-month-down-trend","status":"publish","type":"post","link":"https:\/\/www.discoverclarksville.com\/articles\/2011\/11\/02\/volatile-october-ends-five-month-down-trend\/","title":{"rendered":"Volatile October Ends Five-Month Down Trend"},"content":{"rendered":"

\"RaymondClarksville, TN<\/strong> – October was a volatile month in the markets. The beginning of the month saw stocks move higher on mostly upbeat third-quarter earnings reports, eased recession fears and optimism on progress toward resolving the European debt crisis.<\/p>\n

Toward the end of the month, U.S. stocks again rallied on news of a Greek debt deal that expanded the region\u2019s bailout fund and on news that U.S. gross domestic product grew faster than in the previous period.<\/p>\n

However, a few days later, stocks declined again, erasing some of the gains from the S&P 500\u2019s biggest monthly advance since 1987. Investors appeared concerned that European leaders will have a hard time raising funds to contain the region\u2019s sovereign debt crisis.<\/p>\n

Despite the declines just before month end, the S&P 500 posted stellar performance, ending a five-month losing streak. The S&P 500 and Nasdaq climbed approximately 11% for the month, while the Dow Jones Industrial Average was up 9.5% in October. The gains gave all three indices their best monthly performances in decades.<\/p>\n\n\n\n\n\n\n
\u00a0<\/td>\n\n

10\/31\/11 Close<\/strong><\/p>\n<\/td>\n

\n

9\/30\/11 Close<\/strong><\/p>\n<\/td>\n

\n

Change<\/strong><\/p>\n<\/td>\n

\n

Gain\/Loss<\/strong><\/p>\n<\/td>\n<\/tr>\n

DJIA<\/td>\n\n

11,955.01<\/p>\n<\/td>\n

\n

10,913.38<\/p>\n<\/td>\n

\n

1,041.63<\/p>\n<\/td>\n

\n

9.54%<\/p>\n<\/td>\n<\/tr>\n

NASDAQ<\/td>\n\n

2,684.41<\/p>\n<\/td>\n

\n

2,415.40<\/p>\n<\/td>\n

\n

269.01<\/p>\n<\/td>\n

\n

11.14%<\/p>\n<\/td>\n<\/tr>\n

S&P 500<\/td>\n\n

1,253.30<\/p>\n<\/td>\n

\n

1,131.42<\/p>\n<\/td>\n

\n

121.88<\/p>\n<\/td>\n

\n

10.77%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In other economic news, the producer-price index (PPI) increased 0.8 percent in September, the most in five months, boosted by gasoline and food after no change in August. Year-to-year the PPI rose 6.9 percent. The National Association of Home Builders\/Wells Fargo homebuilder-sentiment index rose from 14 in September to 18 in October, its highest since May 2010.<\/p>\n

On the other hand, the Institute for Supply Management-Chicago\u2019s business barometer dropped from 60.4 in September to 58.4 in October, inching closer to the dividing line between expansion and contraction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Clarksville, TN – October was a volatile month in the markets. The beginning of the month saw stocks move higher on mostly upbeat third-quarter earnings reports, eased recession fears and optimism on progress toward resolving the European debt crisis. Toward the end of the month, U.S. stocks again rallied on news of a Greek debt […]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[3],"tags":[9789,11532,9791,11533,3065,9790,9000,11531,11530],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4xGYI-2iA","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/8840"}],"collection":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/comments?post=8840"}],"version-history":[{"count":1,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/8840\/revisions"}],"predecessor-version":[{"id":8841,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/8840\/revisions\/8841"}],"wp:attachment":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/media?parent=8840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/categories?post=8840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/tags?post=8840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}