The Cincinnati Reds blew an early four-run lead over Philadelphia in Game 2 of the National League Division Series,losing by a score of 7-4.A series of fielding mistakes,combined with several hit batters and scrappy Phillies play led to the Reds' downfall in Philadelphia,leaving them 0-2 in the series,which moves to Cincinnati for Sunday's third and possibly final game.This was surprising,given the Reds' reputation for error-free baseball this season.Perhaps they were distracted by the thousands of raucous fans waving their white rally towels for the Fightin' Phils.
Wall Street traders were not distracted today,sending the Dow Jones Industrial Average back up over 11000 for the first time in five months.The flat September
employment report made them feel certain the Federal Reserve will take more action before the year's end to bolster the economy.All three major indexes were up modestly for the week,with the S&P 500 scoring a gain of 1.7.Since the July market lows,materials are up 24%;retail 20%;and industrials 19%.
Optimism carried over into the futures market this evening,with the Dow futures up 35.0;the NASDAQ gaining 6.75;and the S&P futures climbing 4.10.Bond futures were virtually flat.
No comments:
Post a Comment