Wall Street caps a wild month with a rally

[Omaha Steve]

Source: AP-Excite

By KEN SWEET

NEW YORK (AP) — For stock investors, there was no shortage of drama in October.

Stocks started the month modestly below a record high, only to cascade to their worst slump in two years. But after flirting with a correction, or a 10 percent drop, the U.S. market rebounded and closed at all-time highs on the last day of the month.

All told, U.S. stocks ended October solidly higher, up 2.3 percent. The Dow Jones industrial average capped the rally by rising 195.10 points, or 1.1 percent, to end at 17,390.52 on Friday. The Standard & Poor's 500 rose 23.40 points, or 1.2 percent, to 2,018.05 and the Nasdaq composite added 64.60 points, or 1.4 percent, to 4,630.74.

Both the Dow and the S&P 500 closed at record highs.

FULL story at link.



Specialist Anthony Rinaldi, right, works at his post on the floor of the New York Stock Exchange, Friday, Oct. 31, 2014. U.S. stocks are opening higher following big gains in Asia after Japan made moves to rev up its economy. (AP Photo/Richard Drew)

Read more: http://apnews.excite.com/article/20141031/financial_markets-f3a1d1ad81.html

[Wellstone ruled]

1. Just as forcasted.

The wealthy rotated out of Commodities and into Equities to the tune some were around a Trillion Bucks. Now with the Bank of Japan dumping half a trillion into equities today,and,if your 401 or IRA was top heavy or so called save things like bonds or ETF's,you gave your hard earned dollars to the 1% club. If you owned stocks you are safe this time around. BTW,if the Rethugs win the Senate,all bets are off. And watch next week as European Banks will pump tons of money into their economies.

[former9thward]

2. The first sentence is incorrect.

It says for stock investors there was no shortage of drama in October. It should read for stock traders there was no shortage of drama.

[Historic NY]

3. I'm happy it corrected last week its drove me nuts.