Senate Democrats Open NASDAQ, Stocks Fall
Here’s Senate Democrats ringing the opening bell at the NASDAQ this morning. They get an A for energy, but their enthusiasm did little to trigger a stock rally.
The Dow closed today at 11,100.54, down 128.48 points, or 1.1 percent. The NASDAQ closed down 18.77 points, or 0.8 percent, to 2,239.08.
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taken from newsweek…
A month after emerging victorious from the bruising Democratic nominating contest, some of Barack Obama’s glow may be fading. In the latest NEWSWEEK Poll, the Illinois senator leads Republican nominee John McCain by just 3 percentage points, 44 percent to 41 percent. The statistical dead heat is a marked change from last month’s NEWSWEEK Poll, where Obama led McCain by 15 points, 51 percent to 36 percent.
Obama’s rapid drop comes at a strategically challenging moment for the Democratic candidate. Having vanquished Hillary Clinton in early June, Obama quickly went about repositioning himself for a general-election audience—an unpleasant task for any nominee emerging from the pander-heavy primary contests and particularly for a candidate who’d slogged through a vigorous primary challenge in most every contest from January until June. Obama’s reversal on FISA legislation, his support of faith-based initiatives and his decision to opt out of the campaign public-financing system left him open to charges he was a flip-flopper. In the new poll, 53 percent of voters (and 50 percent of former Hillary Clinton supporters) believe that Obama has changed his position on key issues in order to gain political advantage.
LOOKS LIKE OBAMA WILL PULL A DUKAKIS/KERRY
AHEAD OUT OF THE GATE…BUT BEHIND WHEN IT COUNTS
ON ELECTION DAY
What a crazy week the DOW had last week. I cannot recall another week where there were such big jumps everyday. Now today another big 160 point jump upwards (so far). Crazy.