The Dow Jones Industrial Average jumped 127 points Friday, while the S&P 500 and the NASDAQ also increased. The S&P 500 and the Dow gained more than 2% for the week. The NASDAQ added nearly 3% for the week.
Senate Democrats were three votes short of advancing the nomination of U.S. Congressman Mel Watt to head the agency that oversees the Fannie Mae and Freddie Mac mortgage groups. Read about this and more in this week’s Market Update.
Having an emergency fund is one way to help yourself feel and be more financially secure, especially if you’re a homeowner. So how big should that emergency fund be?
The moment you have all been waiting for is finally here. I’m sure your social networks have been talking about it. I’m convinced your friends won’t stop talking about it. I’m also fairly certain that your mom has asked you about it. That’s right – we’re back with another edition of the Federal Reserve Release in plain English!
Two of Facebook’s initial investors sold their shares within the past three days to put some more cash into their pockets. They better have some mighty big pockets to fit those millions they just got off of their initial investment.
Treasuries are up again this week as analysts fear next week’s reports will show signs of the economy slowing
The stock market is ready to open up positive this morning which have caused treasuries to drop slightly.
In a directionless market, it’s days like these that make you hold on to some hope and optimism. If you take a look at the stock markets today, you’re going to be in for a treat when you see some pretty big green numbers next to your favorite indexes. And if you had to take one big swooping guess as to why the stocks rebounded so strongly today, what would you say?
Isn’t it nice to wake up in the morning knowing that you’ll be able to read the Federal Reserve Release in common English later in the day? Don’t act surprised. This isn’t something new to the Zing! Blog. Every time the Fed sends out a press release at the end of their Federal Open Market Committee meeting, I take a stab at breaking it down in an easier to understand format for our readers out there. Just check out the reviews we’ve had: “This is the most informative post I’ve ever read” – My Mom
Remember when we were celebrating the fact that the Dow Jones Industrial Average was consistently above the 13,000-point mark for a few weeks? What about that time I said stocks would keep up the positive momentum into the second quarter with gains as well? Unfortunately, stocks have taken an unbelievable U-turn over the past month.