Market Commentary

Market Commentary 7/28/2008

THE MARKETS

Wall Street closed a volatile week with uneven gains Friday after better-than-expected economic numbers calmed the market which a day earlier was dealing with concerns from the housing and the financial sectors. The Dow ended the week down 1.09 percent to 11,370.69. The S&P lost 0.22 percent for the week to finish at 1,257.76, while the NASDAQ rose 1.22 percent to end the week at 2,310.53.

07/28/2008 Returns

Source: Morningstar.com. * Past performance is no guarantee of future results. Indexes are unmanaged and cannot be invested into directly. Three and five-year returns are annualized. The S&P, excluding “1 Week” returns, is a reflection of return to an investor, by reinvesting dividends after the deduction of withholding tax.

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