Market Update For Week Ending 2/15/2008 | Index | Close | Net Change | % Change | YTD | YTD % |
|---|
| DJIA | 12,348.21 | +166.08 | 1.36 | -916.61 | -6.91 | | NASDAQ | 2,321.80 | +16.95 | 0.74 | -330.48 | -12.46 | | S&P500 | 1,349.99 | +18.70 | 1.40 | -118.37 | -8.06 | | Russell 2000 | 701.52 | +2.59 | 0.37 | -64.51 | -8.42 | | International | 2,004.56 | +43.06 | 2.20 | -248.80 | -11.04 | | 10-year bond | 3.78% | +0.13% | | -0.26% | | | 30-year T-bond | 4.60% | +0.16% | | +0.14% | |
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
Economic disappointments and the bargain-hunting urge warred in investors' hearts this week, but in the end the desire to pick up shares of battered blue-chip stocks overcame fears of a looming recession ahead. The Dow industrials and S&P 500 climbed 1.36% and 1.4%, respectively, while the more growth-oriented Nasdaq and Russell 2000 posted much smaller gains. A weak dollar magnified the performance of foreign shares for U.S. investors, leaving them with a dollar-denominated return of 2.2%. Bonds slid as the outlook on the economy darkened, pushing Treasury yields sharply higher. For more on recent trading activity, please read:
http://biz.yahoo.com/ap/080215/wall_street.html Crisis Of Confidence For Consumers, Industry
One barometer of the economy's health, the mood of the American public, fell to a 16-year low this month, revealing that consumers are more worried about current conditions than elated by the prospect of stimulus ahead. Meanwhile, industrial output declined, which led at least some economists to conclude that the manufacturing sector is "clearly struggling." For a round-up of recent economic news and its implications for financial markets, please read:
http://bloomberg.com/apps/news?pid=20601087&sid=aQzifrNbIzAw Greenspan Sees Economy 'On Edge' Former Federal Reserve head Alan Greenspan remains cautious on the prospects for the U.S. economy. Mr. Greenspan recently told representatives of the energy industry that while American businesses enjoyed "extraordinary" health before the credit crunch and housing slump, it remains to be seen whether that will be enough to prevent a deeper economic slowdown ahead. For more on Mr. Greenspan's thoughts on what the future may hold for investors and the world, please read:
http://www.msnbc.msn.com/id/23181584/ |
