US stocks close higher for the first time in June
by FRANCESCA LEVY,AP Business Writer
Jun 09, 2011 | 2215 views | 8 8 comments | 13 13 recommendations | email to a friend | print
NEW YORK (AP) — Stocks are breaking a weeklong slump.

A report that U.S. exports hit a record in April sent stocks sharply higher Thursday as investors hoped the recovery may not be as sluggish as the last week of grim economic reports suggested.

The Dow Jones industrial average rose 75 points, or 0.6 percent, to close at 12,124. The S&P 500 index rose 9, or 0.7 percent, to 1,289. The Nasdaq composite rose 9, or 0.4 percent, to 2,685.

Thursday's gains broke a six-day losing streak. It was the first time stocks rose in June. Stocks had fallen because of poor reports on manufacturing, home sales, hiring and consumer confidence.

Two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was 3.5 billion shares.
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Xavier2114
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June 09, 2011
lol...try coming at me from another angle, MBAD. There is no inferiority complex over this way for you to play on, old bigot.

By the way, I have only commented on one story today. You must be having double vision, since dementia is setting in.

You're not as sly as you think you are. You remind me of Archie Bunker, as self-unaware as he was.

FormerRoman
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June 09, 2011
Xavier, I was listening until you used PBS and the Huffington Post..Liberal double speak.

It's now June 9, 2011 and the world financial system is teetering on the brink of systemic meltdown..So what has Barry done?

Unemployed people are having a harder time finding jobs than during the Great depression..Hope and Change..Good slogan, but we have NO hope things will change under president Erckle!
Xavier2114
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June 09, 2011
“On October 11, 2008, the head of the International Monetary Fund warned that the world financial system was teetering on the "brink of systemic meltdown."” This meltdown has made the Great Recession the worst economic disaster since the Great Depression.

A Frontline documentary of how we got there: http://www.pbs.org/wgbh/pages/frontline/warning/

We all remember those days, during 2008 into early 2009, when 401K’s were wiped out. At that time, tremendous economic uncertainty seemed to have shaken the world.

Under Bush’s Republican policies, the US stock market took a nosedive, as the Dow Jones Industrial average barreled towards 6,000 points, off a 14,000 points high cliff. Billions of investment dollars would be lost, sometimes in just one day.

Main Street was hit especially hard. “861,664 families lost their homes to foreclosure in 2008,” a year before the current president took office.

By February of 2009, just after Barack Obama’s inauguration, 3.6 million jobs had already been lost.

Generally, since Obama took office, the stock market has trended higher. And while the Republican president Bush lost jobs for over 13 months straight, President Obama has greatly slowed the loss of jobs. In 2010, jobs increased under President Obama, a fact that contradicts Republican claims that “Obama doesn’t know what he’s doing.”

Honestly, I am seriously afraid to vote Republican, after what our economy experienced under their policies. Now, they want to turn Medicare into a voucher plan and Social Security over to Wall Street.

We know that there is much that has to be done to continue to move our country forward. It is worth my vote to hire Barack Obama for a second term to finish the job.

http://en.wikipedia.org/wiki/Stock_market_crash

http://money.cnn.com/2009/01/15/real_estate/millions_in_foreclosure/index.htm

http://www.huffingtonpost.com/2009/02/06/job-loss-chart-what-36-mi_n_164828.html
FormerRoman
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June 09, 2011
Mip, I think Obama is probably a good guy and I'd drink a beer with him(summit)...That said, he's in over his head, has absolutely NO business experience in the real world and his regulations are killing small business..He's gonna' have to step-up to the plate and run on his record this time....9.1% unemployment and probably going higher,plunging home values and sales,4-5 wars,failed stimulus policy,etc...

That Summer of recovery we had last year has returned-The sequel-Summer of recoveryII is a "Horror" flick.
FormerRoman
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June 09, 2011
Mip, that could be your worst argument ever..Obama has NO new ideas..He passed what he wanted before Republicans claimed the house and those policies have failed...We are now in 5 wars..Afghanistan,Iraq,Libya...And unknown to me until today-Yemen-They said it is a covert operation..

Leon Panetta said today that we are also at war with Pakistan..We're on the brink with Syria as well..Where's all those war protesters who wanted to impeach Bush?

Obama's economic team have ALL left-Romer,Orzag,Goolsby,Larry Summers,etc..Someone has to take the fall.
cranky4ever
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June 09, 2011
Problem is, the Democrats sat on their butts for two years before the meltdown when Bush was in office. Looks like, if Mipocos right about the Republicans, maybe we oughtta go a hunting for all those Democrats wh fiddled for two years leading up to the explosion. Why, iffen Pelosi, Obama, Reid, Frank and the rest of The Gang That Coudnt Shoot Straight had done their jobs instead of destroying America to get Obama elected, we woldnt be in the mess we are in today. High treason is what it is, just to play politics with our country.

Yep, Mipoco, thaks for bringing that to our attention. Whats fair for the goose is fair for the gander. Aint no way the Democrats wanted to see a good or strong America. Al they wnted to do was ride us down the road to ruin just to get Obama elected. Shameful!
FormerRoman
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June 09, 2011
Well, new jobless claims were 427,000..More of the same bad economic numbers..Another of Obama's Chicago cronies-Austan Goolsby has packed his bags and gone back to Teaching at Univ. of Chicago..Lets hope he can teach better than his theories play out in the real world.
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