Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, October 25, 2007

Gloomy Thursday

The weather wasnt the only thing cloudy Thurday as high oil prices and continued nervousness about fallout from the recent credit-market meltdown kept stocks lower. The major indexes finished close to where they started but spent most of the day further into the red. Wall Street is still nervous about how much damage remains to be uncovered from the summer's credit crunch. Facebook was valued at $15 billion today as Microsoft invested $240 million into the social-networking site. DJIA -3.33 Nasdaq -23.90 S&P 500 -1.48