Wednesday, January 13, 2010

Today on Wall Street: A Great Day for Up!

Tuesday January 12th, 2010 was a rough day for the market, in part due to Alcoa's dip in revenue. However, today (Wednesday January 13th) was a good day for Wall Street. The Dow was up 53.51 points. Alcoa even rose after it's fall yesterday. With U.S. Bankers doing some serious testifying and even a little, dare I say it, apologizing, consumer optimism was also up, which is always a good thing. Additionally, banking shares were up, namely Goldman Sachs, Morgan Stanley, Bank of America, and JPMorgan Chase. Citi was unfortunately down, but I'm still keepin' the faith. Billy Joel would be proud. There are rumors of a positive season ahead for the corporate sector, but let's not hold our breath. A lot can change at any point, and it's safe to say that Wall Street still hasn't quite gotten its groove back.


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