Daily Market Update:

September 10th, 2009

Wall Street made it five gains in a row. The S&P 500 and Dow posted new highs for 2009 on an upbeat forecast from Procter & Gamble and gains in energy stocks. P&G predicted a rebound in sales and the shares rose 4.2%. Managed health care stocks advanced as opposition remained in Congress to the President’s health care plan.  Technology stocks also enjoyed gains on improved forecasts for chip sales. On the downside, Monsanto warned that earnings would be at the low end of previous forecasts and said it would cut more jobs. The shares fell 5%. First-time jobless claims in the latest week were lower than expected, but were still not at a level that would suggest recovery in the labor market. The Dow closed up 80 points at 9627. volume totaled nearly 1.5 billion shares. The S&P 500 gained 10 points to 1044. The Nasdaq was up 23 at 2084.  The 10-year Treasury note was up a full point to yield 3.35%. For more market news visit Virtuswealth.com and don’t forget to listen to Your Money, Your Retirement, airing every Saturday’s from 4:00 pm to 5:00 pm.       This week’s show will have an expert on gold to discuss metals and where they go from here.  Securities and advisors services offered through VSR Financial Services, Inc. Member FINRA/SIPC.