News update – 11 Oct 10

Wall Street Update and Outlook Previous close Chg % chg DOW 11,006.48 57.90 0.53% Nasdaq 2,401.91 18.24 0.77% S&P 1,165.15 7.09 0.61% Source: Yahoo Finance The market was able to advance even in the face of some ugly employment numbers as the data increased the chances that the Fed will implement a second round of quantitative easing. The notion that the Fed may expand its quantitative easing program to kick start the recovery prompted most of the buying interest in the equity market. It pushed the dollar down 1.2%, with the yen climbing to a 15-year high and the Australian […]