Friday, the bond market remained flat for most of the day. Despite strong trading levels, no economic news moved the needle. We start this week with industrial manufacturing news and the housing market index. However, the main announcement is Wednesday when Ben Bernanke takes the stage again to discuss the FOMC’s September meeting. Surprisingly, late Sunday Larry Summers, the heir apparent to replace Bernanke, pulled out of the running. Stock rallied overnight as a result of the news.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 75.42 points (0.49%) and Gold went up 4.72 points. 10-Year Treasuries went down 0.024 points.
Here are some of today’s rates:
Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.
Wall Street Journal