Wall St gains; Dow up 9 pts in its fourth record close

Wall St gains; Dow up 9 pts in its fourth record close

The Dow Jones industrial average set its fourth record close in two weeks yesterday, finishing less than a point above its previous closing high.

After a lackluster day of trading, broader indexes also rose slightly, putting the Standard & Poor's 500 back near its 5 1/2 year highs.

Investors nudged stocks slightly higher in gains in advance of Alcoa's after-the-bell quarterly financial report, which traditionally marks the start of earnings season.

The Dow Jones industrials rose 9.36 points, or 0.08%, to close at 11,867.17. Its previous record, set Thursday, was 11,866.69.

Broader stock indicators were higher. The Standard & Poor's 500 index rose 2.76 points, or 0.20%, to 1,353.42, and the Nasdaq composite index rose 3.66 points, or 0.16%, to 2,315.43.

http://www.moneycontrol.com/india/ne...article/244743

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Transcript: Bush's news conference

POSTED: 12:11 p.m. EDT, October 11, 2006



First, I want to briefly mention that today we've released the actual budget numbers for the fiscal year that ended on September the 30th. These numbers show that we have now achieved our goal of cutting the federal budget deficit in half, and we've done it three years ahead of schedule.

The budget numbers are proof that pro-growth economic policies work. By restraining spending in Washington and allowing Americans to keep more of what they earn, economy's creating jobs and reducing the deficit and making our nation a more prosperous nation for all our citizens.

I'm going to talk about the pro-growth economic policies that helped bring about the dramatic reduction in the deficit this afternoon. And I'm going to remind our fellow citizens that good tax policy has a lot to do with keeping the economy strong, and therefore we'll continue to urge the Congress to make the tax cuts permanent.

http://www.cnn.com/2006/POLITICS/10/11/bush.transcript/index.html

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Trajan Octavian Titus said:

****ing Bush and his failed economic policies.

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CurrentAffairs said:

Iriemon - Your disappointment in the Wall Street gains are so noted.

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