Market Commentary 8/18/2008
The Markets
Wall Street ended the week mixed even after oil fell to its lowest price in three months. The Dow finished the week down 0.49 percent to close at 11,659.90. The S&P rose 0.22 percent to close the week at 1,298.20, while the NASDAQ ended the week up as well, closing 1.59 percent higher at 2,452.52.
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.
Record Exports – U.S. exports hit a record high of $164.4 billion in June, More…