Friday, December 5, 2008

current event " stock market"

Investors received some reassuring words came from Ford CEO Alan Mulally. Who said his company has enough cash to make it through 2009 and may not need government help. Associated Press, came as Ford, General Motors and Chrysler were scheduled to submit to Congress plans for remaking themselves. At the close of trading, the Dow was up 270.00, or 3.3 percent. The NASDAQ composite index rose 51.73, or 3.7 percent. The market's steep drop on Monday ended a five day rally the first such winning streak for the Dow and the S&P 500 since July 2007. Investors got an additional boost after the Federal Reserve said it will extend the life of key programs aimed at loosening the credit markets and restoring stability to the financial sector. I got this from 9news.com named "stocks close higher after roller coaster ride."

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