| Market Update For Week Ending 6/13/2008 | Index | Close | Net Change | % Change | YTD | YTD % | | DJIA | 12,307.35 | +97.54 | 0.80 | -957.47 | -7.22 | | NASDAQ | 2,454.50 | -20.06 | -0.81 | -197.78 | -7.46 | | S&P500 | 1,360.03 | -0.65 | -0.05 | -108.33 | -7.38 | | Russell 2000 | 733.61 | -6.76 | -0.91 | -32.42 | -4.23 | | International | 2,016.38 | -99.53 | -4.70 | -236.97 | -10.52 | | 10-year bond | 4.26% | +0.32% | | +0.23% | | | 30-year T-bond | 4.80% | +0.15% | | +0.34% | | International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.
More market data Market Wrap
Global equity prices ended in disarray after a volatile week left investors unsure whether to hunt for bargains or flee the market entirely. Thanks to a Friday rally, the Dow industrials eked out an 0.8% gain, but the technology-heavy Nasdaq and small-cap Russell 2000 lost 0.8% and 0.9%, respectively. The broad market was flat. The dollar gained strength as traders became convinced that shifting interest rate policy may give the U.S. currency new support; as a result, the value of foreign shares plunged in dollar terms. Renewed inflationary fears depressed bond prices, sending yields sharply higher. For more on recent trading activity, please read:
http://www.cnbc.com/id/25146746 Energy Drives Inflation Surge
Consumer prices jumped 0.6% in May, the most since November, feeding investor perceptions that inflationary forces are truly on the rise. Although food prices moderated, energy costs (especially heating oil and gasoline) continued to soar. Analysts wondered when business owners would begin to pass on high materials costs to consumers. Meanwhile, leading government bankers hinted that inflation is now a major concern where rate policy is concerned. For more on the latest inflation news, please read:
http://biz.yahoo.com/ap/080613/economy.html Oil Boom Or Oil Bubble?
The price of a barrel of crude oil has climbed nearly 700% in under seven years as everything from Asia's economic miracle to the weakening power of the dollar conspired to drive prices from $17.45 to near $140. While the days of $17 oil may never return, some analysts note that the energy markets have now run up farther than dot-com companies during the worst excesses of the 1990s. Is oil the best investment around, or simply another speculator mania? For a balanced look at what's at stake, please read:
http://www.bloomberg.com/apps/news?pid=20601109&sid=au.c3bEf58NI&refer=home |
