Sunday, September 27, 2009

Market Reflections 9/28/2009

Mergers headed Monday's news including multi-billion deals involving Xerox and Abbott Laboratories. The S&P gained 1.8 percent to 1,062 but volume was low given the Yom Kippur holiday. The dollar index firmed 0.5 percent to 76.99 after European Central Bank chief Jean-Claude Trichet stressed the importance of a strong dollar. Another missile test by Iran added some premium to oil which ended $1 higher at $67. Gold was little changed at just above $990.

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