Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, November 02, 2007

Financials fall again

Friday was another challenge for the financial sector, which continued to fall with worries that the worst has not hit yet. Merrill Lynch lost 7.9%, Bear Sterns 5%, and Morgan Stanley 5.6% just to name a few. Though financials are hurting some analysts believe that economy as a whole is quite sound. Crude-oil futures settled $2.44 higher, or 2.6%, to $95.93. Be safe and have a great weekend! DJIA +27.23 Nasdaq +15.55 S&P 500 +1.21