Daily Views for January 10, 2008
Airlines, Banks and Gold --- The stock markets extended yesterday’s advance to a second day, with the Dow up 118 points to 12853, the S&P 500 up 11 points to 1420 and NASDAQ ahead 14 points to 2489. The biggest news weighing in was from Fed Chairman Bernanke, who gave the impression of interest rate cuts at the January 29th meeting. Gold also continued to advance, hitting $897 an ounce before closing at $892, $11 more than yesterday.Two gold stocks showcased yesterday are fully participating in this move --- Yamana Gold (AUY: $16.30; Mkt Value: $6 B) up $0.62, or…
