{"id":214,"date":"2007-10-31T15:11:11","date_gmt":"2007-10-31T15:11:11","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=214"},"modified":"2007-11-05T15:51:35","modified_gmt":"2007-11-05T15:51:35","slug":"gyrating-markets","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/gyrating-markets\/","title":{"rendered":"Gyrating markets"},"content":{"rendered":"

Despite unattractive economic fundamentals, US stock markets are still pushing highs. In early October Indexes posted highs: On October 1, the Dow Jones Industrial Average closed at 14,087.55 – the first climb above 14,000 since mid-July. On October 5, the Standard & Poor’s 500 rose to a record 1,557.59, while earlier in the day the DJIA hit a record intraday high of 14,124.54 while the Nasdaq rose to 2,784.93 – its highest since January 2001. \t\t \t While they have come off a bit during the month, the US markets are buoyed by optimism.<\/p>\n

And its not just the US. India’s Sensex started the month breaking through the 18,000 mark and hit an all-time intraday high on 9 October closing at 18,327.42, up 788.85 points on the day, the largest-ever daily points gain. That represented a rise of more than 32% this year on the back of record inflows of overseas funds. But then on 18 October the index dropped 9% in one day, when regulators commented that curbs on foreign inflows might be appropriate. By the end of the month, the Sensex is nearly at 20,000!<\/p>\n

And in China the CSI 300 hit a high of 5,877 on 16 October and has traded above 5,300 for October, ending the month at 5,688.<\/p>\n

The MSCI Barra World index shown here illustrates October’s gyrations, ending the month on an all-time high of 1,682.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite unattractive economic fundamentals, US stock markets are still pushing highs. In early October Indexes posted highs: On October 1, the Dow Jones Industrial Average closed at 14,087.55 – the first climb above 14,000 since mid-July. On October 5, the Standard & Poor’s 500 rose to a record 1,557.59, while earlier in the day the …
Continue reading Gyrating markets<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[24],"tags":[],"class_list":["post-214","post","type-post","status-publish","format-standard","hentry","category-markets"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-3s","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=214"}],"version-history":[{"count":0,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/214\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}