Thursday, August 25, 2011

Wednesday's Recap...

Leading stocks behaved decently Wednesday as the major indexes rose for a third straight day.  The Nasdaq rallied 0.9% and finished almost at the day's high during a seesaw session. That followed a 4.3% jump Tuesday, which marked a follow-through on a new rally that began Aug. 9.  The S&P 500 closed it it's highs of the day, rising 1.3%, beating the Nasdaq's gain. The NYSE composite was up 0.9% and the small-cap Russell 2000 gained 1.4%. Gold miners fell hard.

After the bell, news that Steve Jobs is stepping down as CEO of Apple put pressure on the markets overnight.


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