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Market Update For Week Ending 3/7/2008 |
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| Market Update For Week Ending 3/7/2008 | Index | Close | Net Change | % Change | YTD | YTD % |
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| DJIA | 11,893.69 | -372.70 | -3.04 | -1,371.13 | -10.34 | | NASDAQ | 2,212.49 | -58.99 | -2.60 | -439.79 | -16.58 | | S&P500 | 1,293.37 | -37.26 | -2.80 | -174.99 | -11.92 | | Russell 2000 | 660.11 | -26.07 | -3.80 | -105.92 | -13.83 | | International | 2,001.96 | -68.10 | -3.29 | -251.40 | -11.16 | | 10-year bond | 3.54% | +0.01% | | -0.49% | | | 30-year T-bond | 4.54% | +0.10% | | +0.08% | |
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 left global stock markets in retreat, with most major U.S. equity indices falling 2% to close to 4% as investors fled from a wide variety of economic risk factors. Foreign shares kept pace, sliding 3.29% in dollar terms. Fixed-income investments also suffered from signs of resurgent inflation in the form of $105 oil, but a flight to safety limited the losses suffered at the short end of the Treasury market in particular. For more on recent trading activity, please read:
http://www.msnbc.msn.com/id/3683270/ Fed Fights To Keep Credit Flowing
Fresh problems in the world's credit markets led the Federal Reserve to pump as much as $20 billion extra into the U.S. banking system in order to fuel liquidity. Market participants also increased their bets on a deep interest rate cut ahead, with many now expecting a rate cut of up to three quarters of a percentage point (0.75%) when the Fed next meets. For a detailed look at the latest developments in this new phase of what has turned into a protracted credit crisis, please read:
http://bloomberg.com/apps/news?pid=20601087&sid=ar4ar6mZHJAM Employment Picture Gets Worse News that U.S. businesses had cut payrolls by a net 63,000 jobs in February (more than in any other month since 2003) did nothing to inspire investor confidence in the economy's continued health. Although the unemployment rate actually edged a bit lower, analysts believe this represents an increased number of discouraged people dropping out of the work force entirely. A broad range of industries lost jobs, leading economists to argue with increased conviction that a recession could be at hand. For more, please read:
http://biz.yahoo.com/ap/080307/economy.html |
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