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Daily Archives: January 10th, 2008

Review 1/10/08: SPX, Nasdaq, CFC (Countrywide Financial), YHOO (Yahoo), X (US Steel), ILMN (Illumina), CHU (China Unicom), CHA (China Telecom), CN (China Netcom), RIMM (Research In Motion), CHL (China Mobile)

The market continued to push upwards from yesterday’s bounce. The Dow gained +117.78 points; SPX added +11.20 points; and Nasdaq was up almost +14 points. The Fed Chairman, Ben Bernanke, signaled further interest rate cuts to support economic growth. The market reacted very well, initially, as eager investors tried to catch the “Uncle Ben Express”. [...]