12Sep/080
Financial Journal for September 12 2008
|
Stock Quotes |
Friday’s Close: 9/5/08 |
% Change from Prior Week |
Current Quotes: 9/12/08 |
|
Dow Jones |
11220.96 |
1.76 |
11421.99 |
|
NASDAQ |
2255.88 |
.238 |
2261.27 |
|
S&P |
1242.31 |
.75 |
1251.70 |
Market Movers:
- Fannie Mae and Freddie Mac
- Hurricane Ike
- OPEC
Important Market Development Summaries:
- U.S. seizes Fannie and Freddie – CNNMoney.com, Sept 7, 2008
- Government now in charge of $5 trillion in home loans.
- Ike & OPEC Go Easy, Oil Falls 3% - IBD, Sept 10, 2008
· Washington Mutual Stock Falls on Investor Fears – NYT. Sept 11, 2008
o Largest Savings and Loan, -30%, $180 billion of mortgage-related loans w/9-14 billion in losses this year.
- Saudis Vow To Maintain Oil Output – NYT, Sept 11, 2008
- Oil prices hovered from decline as market remained unclear on where supplies stood