Reality sets in on Wall Street

After a two day jump in stocks, The markey closed down on Thurday September 20th, 2007. Earnings today were generally mixed on the market. The Dow Jones Industrial Average lost 48.86 closing at 13766.70. The S&P 500 closed down 10.28 ending its day at 1518.75, and the NASDAQ closed down 12.19 ending its day at 2654.29.

The fed cutting rates was one of the reasons why stocks were up two days in a row, but no one was really focusing on Oil, Gold, or the Dollar which is at an all time low to the major currencies. .S. light crude oil for October delivery rose $1.39 to settle at $83.32 a barrel on the New York Mercantile Exchange, ending at an all-time high for the fourth session in a row.