Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, July 28, 2006

Finishing With A Bang!

After yesterday's see-saw act, it seems the "high hopes" from earlier this week prevailed today. A weaker-than-expected GDP Report for the second quarter came out today. Hopes were raised again that this would be a continued reason for the Fed to put a halt on rates increases. This was especially good news to financial stocks like American Express and Citigroup, which were up. I'm glad to end the week on a good note, as it seems this gloomy weather will be much harder to beat! DJIA: +119.27 Nasdaq: +39.67 S&P 500: +15.35