Stocks On The Rise!

Today seems like it’s going to be a good day for Wall Street. The spark that sent stocks upward was due to a GDP, report. And the drop in jobless claims is also fueling the Dow Jones industrial average, which is over $125 for the day so far. The one thing that could hurt the Dow Jones today is the rise in oil prices. Oil right now is over $120 for a barrel. This rise in price is because of the Tropical Storm Gustav, which is heading towards the Gulf of Mexico. This storm has already taken the lives of over 22 people and many still missing or faired dead. And it doesn’t look has it’s getting weaker, it’s getting stronger. The sad thing right now is that it’s heading towards Louisiana and areas devastated by Hurricanes Katrina three years ago. The only question that remains is, how strong will Gustav be when it hits land. Hopefully it will remain a Tropical Storm, but you just never know when it hits Gulf of Mexico.

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This entry was posted on Thursday, August 28th, 2008 at 12:02 pm and is filed under Business, Economy, General Info, Investing, Resources, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.