Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, January 23, 2008

A breath of fresh air

Financial stocks rallied Wednesday afternoon, leaving indexes with a much needed positive finish. New York state regulators were meeting with Wall Street firms to discuss ways to stabilize the troubled bond-insurance industry. Some big name tecnology companies were not quite as lucky. Apple shares dropped 10.7% while Google, Research In Motion and Amazon.com each lost over 2%. Though Wednesday might not signal a turn around, it sure was a much needed bright spot. DJIA +298.98 Nasdaq +24.14 S&P 500 +28.10