We’ll try again tomorrow. After flirting with and passing the arbitrary psychological level of 8,000 on the Dow, the index ended up at 7,977.
It was still a quite strong day, though at one point there major indices were up around 4%. In the end, the NASDAQ gained 51, for a gain of about 3.3%. The S&P 500 added 22.92, finishing at 834.
The big stories of the day were Obama wrapping up the G20, proclaiming victory on a new effort to fight the recession, and the long expected (and probably insignificant) change to the accounting rules.