The final 10 minute bar on the Dow Jones Industrial Average(DJIA) surged to the positive side by the close at 4:00 pm EST on the New York Stock Exchange. The DJIA is the index that is most followed by the public. Remember when the average Joe comes home tonight and turns on the evening news he will feel good about the market finishing higher. However, he will never know that the U.S. Dollar Index had to decline in order for that to happen and his purchasing power has decreased a little more today. Perhaps he will realize that something is wrong when he goes to fill up his gas tank and finds out that gasoline reached a new high for the year today. Oh well, Merry Christmas everyone.
Stocks