Saturday, November 6, 2010
Stock Ends at Fresh Two-Year Highs
The stock market ended Friday with a slight gain. All three major indexes hit a two year high point. After the Fed announced a $600 billion addition to the economy, the market rallied. There was also a response to the large number of Republicans elected into the house and Senate which is favorable for Wall Street as the Republican Party favors business and fiscal conservatism more so than the Democratic Party.
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This is interesting news. The recent increases of Republicans in the House and Senate have some correlation with the performance of the stock market, based on their business nature. It will be interesting to see if the newly elected Republicans can build upon this initial success.
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