Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, May 24, 2005

Tuesday's Close

The minutes from the Fed's May 3rd meeting were released today. You can check these out on the Wall Street Journal. Also today, GM bonds were classified as "junk" by Fitch Ratings. This is the same credit rating GM bonds received from Standard & Poor's earlier this month. The DOW closed at 10,503.68, down 19.88. But, to end the day on a good note, the NASDAQ was up for the 8th straight day in row. It closed at 2,061.62, up 4.97. The S&P also closed slightly higher at 1194.07.