| Market Update For Week Ending 9/12/2008 | Index | Close | Net Change | % Change | YTD | YTD % | | DJIA | 11,421.99 | +201.03 | 1.79 | -1,842.83 | -13.89 | | NASDAQ | 2,261.27 | +5.39 | 0.24 | -391.01 | -14.74 | | S&P500 | 1,251.69 | +9.38 | 0.76 | -216.67 | -14.76 | | Russell 2000 | 720.26 | +1.41 | 0.20 | -45.77 | -5.97 | | International | 1,705.60 | +27.71 | 1.65 | -547.76 | -24.31 | | 10-year bond | 3.73% | +0.07% | | -0.31% | | | 30-year T-bond | 4.33% | +0.05% | | -0.13% | | 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
Yet another volatile week on Wall Street left major stock indices in the black, but the journey was anything but smooth as investors pondered day-to-day developments in the fate of credit-market giants Lehman Brothers, Fannie Mae, Freddie Mac, and, by extension, the overall financial industry. By Friday's close, the blue-chip Dow industrials were up 1.79% but other indices' gains were much more restrained. Foreign shares surged in line with the Dow, while bond yields edged higher. For more on recent trading activity, please read:
http://biz.yahoo.com/ap/080912/wall_street.html Fannie, Freddie, And Beyond
Now that the prospect of a full-fledged government bailout of mortgage behemoths Fannie Mae and Freddie Mac has become a reality, the next question is how this will affect the housing markets and the economy. What's the best that could happen? What's the worst? For a high-powered discussion of what the week's news may portend (along with some of the scenarios that may lurk ahead), please read:
http://www.msnbc.msn.com/id/26662761/ Why Bad News Has Boosted The Dollar
After six years of sliding against the euro and other currencies, the dollar seems to be enjoying a renaissance among investors fleeing risk overseas. In a world where many believe the United States is in weakened economic shape, what's driving the greenback's second wind? For a discussion of the big picture where currencies are concerned, please read:
http://money.cnn.com/2008/09/11/news/dollar_bright.spot.fortune/index.htm |
