Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, August 09, 2005

Keep it Coming

The Federal Reserve raised interest rates by 25 basis points today to 3.5%, which surprised few. Oil dropped 87 cents per barrel today to close at $63.07, which fueled the market to cover some of the previous three days of losses. Hope the good economic news continues to come and boost the markets. Dow +78.74 Nasdaq + 9.80 S&P +8.25