After a choppy a start, the Dow broke through the 11,000 barrier this morning as better than expected earnings from Alcoa AA and hope that the Fed would begin addtional easing outweighed a weaker than expected jobs report.
The U.S. economy shed 95,000 jobs in September. The private sector added 64,000 jobs, but that was easily offset by a reduction in government employees. The unemployment rate stayed steady at 9.6%.
really not bad. there is no reason to say that uptrend is broken. :)
1160 is holding well.
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