Market Update For Week Ending 3/14/2008 | Index | Close | Net Change | % Change | YTD | YTD % |
|---|
| DJIA | 11,951.09 | +57.40 | 0.48 | -1,313.73 | -9.90 | | NASDAQ | 2,212.49 | +0.00 | 0.00 | -439.79 | -16.58 | | S&P500 | 1,288.14 | -5.23 | -0.40 | -180.22 | -12.27 | | Russell 2000 | 662.90 | +2.79 | 0.42 | -103.13 | -13.46 | | International | 1,999.30 | -2.66 | -0.13 | -254.05 | -11.27 | | 10-year bond | 3.42% | -0.12% | | -0.61% | | | 30-year T-bond | 4.35% | -0.19% | | -0.11% | |
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
After one of Wall Street's best days ever (and a few substantial declines), U.S. equities ended mixed this week, with both the blue-chip Dow industrials and small-cap Russell 2000 up, the S&P 500 down, and the Nasdaq in an unusual unchanged position. Investors' aversion to risk continued to drive money to the Treasury market, pushing yields on government debt sharply lower. For more on recent trading activity, please read:
http://bloomberg.com/apps/news?pid=20601087&sid=a5Ohs9Ojr5AM Fed Reveals Massive Credit Campaign
Stocks soared Tuesday after the Federal Reserve announced that it is launching a $200 billion lending program to help return some sense of normalcy to the world's ailing credit markets. While investors initially cheered the news, some later began to wonder whether the Fed had gone far enough or acted too late. For more on the new credit market rules and what they mean for the global fiscal system, please read:
http://www.reuters.com/article/ousivMolt/idUSN1150020420080311 Stagflation: The Fed's Worst Nightmare Even though the broadest indicator of consumer inflation leveled out in February, "core" prices (subtracting out food and energy) still climbed 2.3%. Furthermore, with gold trading above $1,000 an ounce, oil over $110, and demand pushing prices on inflation-protected securities through the roof, many investors now fear that inflation will combine with an economic downturn to produce a truly dangerous environment. For more on the factors that could produce "stagflation" and limit the Federal Reserve's options for guiding the economy, please read:
http://money.cnn.com/2008/03/13/markets/morningbuzz/index.htm |
