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Thursday, November 6, 2008

Dow Jones Open 11/06/08 - Stock Market Open

Today, 11/06/08, The Dow Jones and Stock Markets are opening lower as we are having follow through selling from yesterday's trading session and the fact that Cisco Systems ( CSCO ) gave horrible earnings guidance. We also have retail sales that are bad as well. The Dow Jones is trading at 9066 down 81 points, the Nasdaq 1654 down 27, and the S&P 500 down 13 at 940. The Dow Jones has opened up weak and has been going positive to down 120 points so far today. It appears the Dow Jones Industrial Average is testing the key support level of 9000. Yesterday I posted a Dow Jones chart, you should check it out. You may also want to view Meredith Whitney's comments on the Bank Stocks.

Biggest Gainers Today - November 6th, 2008

Keryx Biopharmaceuticals ( KERX ) is the hottest stock today, but trades under $1.00. They were recently notified by the Nasdaq of the minimum $1 stock price requirement. Be careful with this one.

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