Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
DOW up over 1000 points, according to radio. (Original Post) elleng Nov 2022 OP
1130 last I looked, NASDAQ up over 6% - Democrats won and look at the happiness! bucolic_frolic Nov 2022 #1
Lets have more days like this C_U_L8R Nov 2022 #2
Dow closed today up 1201 points (+3.70%), S&P 500 up 5.54% progree Nov 2022 #3

progree

(11,463 posts)
3. Dow closed today up 1201 points (+3.70%), S&P 500 up 5.54%
Thu Nov 10, 2022, 04:31 PM
Nov 2022
https://finance.yahoo.com/

S&P 500 is far more representative of the U.S. stocks that stock holders own, on average, since it is about 85% of the total U.S. stock market, capitalization weighted (i.e. weighted by the total value of their shares).

The +5.54% is phenominal. Yesterday the S&P 500 was still in bear market territory (more than 20% down from its Jan 3 all time high).

With today's close, it is down 17.5% from the all time high, no longer in bear territory, although technically a bear market lasts from when it began (January 3) to when it reaches a new all time high.

It's also nice that, at 3,956, it is only a little over one percent away from 4,000 again.

Also of note, the Treasury 10 year note's yield dropped 0.322 percentage points to 3.8290%, a 7.76% drop. That's good for mortgage rates, which usually follow closely. It's also an eye-popping change, in and of itself. Oh, and when the yield drops, the value of one's bonds goes up.

Symbol                                     ### Yield    ### Change ### %Change
^TNX Treasury Yield 10 Years ### 3.8290 ### -0.3220 ### -7.76%
^FVX Treasury Yield 5 Years ### 3.9430 ### ### -0.3420 ### -7.98%
Latest Discussions»Issue Forums»Economy»DOW up over 1000 points, ...