Market Commentary 9/29/2008
The Markets
Wall Street ended a tumultuous week with gains on Friday, but the major indexes were down for the week as attention focused on efforts by Congress to stabilize the nation’s financial markets. The Dow ended the week down 2.13 percent to 11,143.13. The S&P lost 3.32 percent to close the week at 1,213.27, and the NASDAQ dropped 3.98 percent to finish the week at 2,183.34.
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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