Market Watch 11/11/2009

Today is Wednesday. The weather is sunny in here.

 

Here is the market summary,

 

Dow         +44.29      +0.43%          10291.26

Nasdaq     +15.82      +0.74%            2166.90

S&P500      +5.50      +0.50%            1098.51

 

Today, Trading was light because of the Veterans Day holiday, but volume has been weak for most of the month. The bond markets were closed.

Crude oil rose 23 cents to $79.28 per barrel on the New York Mercantile Exchange. Meanwhile, gold ended up $12.10 at $1,114.60 an ounce after trading as high as $1119.10.

Record-low interest rates and the resulting slide in the dollar have been major forces behind the surge in stocks since the summer. The borrowing costs of near zero are a boon for financial companies, and the weaker dollar helps make U.S. exports cheaper to overseas buyers.

Overall, More signs that interest rates will remain low and upbeat economic news from China gave investors new reason to keep buying stocks Wednesday.