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Market Update For Week Ending 2/8/2008 |
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Market Update For Week Ending 2/8/2008 | Index | Close | Net Change | % Change | YTD | YTD % |
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| DJIA | 12,182.13 | -561.06 | -4.40 | -1,082.69 | -8.16 | | NASDAQ | 2,304.85 | -108.51 | -4.50 | -347.43 | -13.10 | | S&P500 | 1,331.29 | -64.13 | -4.60 | -137.07 | -9.33 | | Russell 2000 | 698.93 | -31.57 | -4.32 | -67.10 | -8.76 | | International | 1,961.50 | -114.20 | -5.50 | -291.86 | -12.95 | | 10-year bond | 3.65% | +0.05% | | -0.38% | | | 30-year T-bond | 4.44% | +0.12% | | -0.02% | |
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
Another volatile week in the world's financial markets left recession-wary investors on the defensive and global stocks in the red. Major U.S. equity indices fell 4% to 5%, keeping pace with overseas stocks represented on the MSCI EAFE. Long-term bonds also lost ground after a disappointing Treasury auction, leaving the associated yields higher as traders mulled the prospect of renewed inflation and a weaker dollar ahead. For more on recent trading activity, please read:
http://www.msnbc.msn.com/id/3683270/ Consumers Hold The Key To Recession Risk
As a weakening job market and continued housing slump erode the American public's once-insatiable appetite for goods and services, economists warn that recession could be "an even bet." What's squeezing the consumer? What might relieve the pressure? For a discussion of why retail spending seems to have slowed (and some speculation on when it might pick up again), please read:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aE.MQFrOAiTE Gauging The Danger Of Inflation While economists, investors, and even the majority of the top government bankers are now more concerned by the prospect of a recession ahead, at least one Federal Reserve official remains set on fighting inflation. Richard Fisher, president of the Dallas Federal Reserve Bank, unnerved financial markets this week by warning that further interest rate cuts may "juice up inflation." For more on why Mr. Fisher's comments pour cold water on Wall Street hopes, please read:
http://money.cnn.com/2008/02/07/news/economy/fisher/ |
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Westside Investment Management Advisors are Registered Representative with and offer securities and advisory services through Linsco/Private Ledger (LPL), Member FINRA/SIPC |
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