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Dow Jones speeds ahead of FTSE up 2.63%

30 January 2008 10 No Comment
Dow Jones Index Gains

After the rejected US bailout plan which has delayed $7bn being injected into the US economy, the US stock market plunged to its lowest limits. Stock brokers at the LSE held their breath the the FTSE opened expecting major losses as it fell yesterday ahead of the US rejection news. When the LSE opened this morning it crashed but gained growth from yesterday.

Similarly the Dow Jones Index (DJI) suffered major losses yesterday, one of the biggest losses 777 points and opened as 10,371.58, a far cry from its 13,000.00 in the last 6 months. Nevertheless it peaked to 10,643.74. High volumes were traded from yesterday closing till Tuesday noon, however as the DJI picked up and stablised volumes went to their normal levels.
The Dow Jones bounced on hopes of the a renewed bailout-plan.

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