Initial jobless claims were down this week and slightly lower than expected. The second quarter GDP was adjusted from a 1.6% advance to 1.7%. Stocks opened higher on the day looking to bouncee ahead on the good news. Aroung midday money began flowing out of stocks back in to bonds causing the Dow to close down 47 points. Despite today's loss, this September was uncharacteristically good. For the month the Dow closed up 7.7%, the S & P was up 8.7 and the NASDAQ was up a whopping 12%.
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