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Banner October Sees Large Gains in Stocks

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

In the wake of yesterday's huge rally, stock traders were left in a vacuum this morning and futures pointed slightly downward.  Personal spending improved by .6% last month and stocks began with slight losses.  The market stayed very close to the vest throughout the daycrossing from positive to negative and back several times during the trading session.  October is traditionally a good month for stocks.  This year was no exception as the S&P had a 13.5% gain for the month and the Dow advanced 12%.  Today the Dow closed up 22 points.