Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, June 24, 2009

Wednesday's Look

Today, the Dow Jones Industrial Average stumbled while other benchmarks rose. The unexpected rise in the S&P 500 and Nasdaq was the result of the Federal Reserve holding its ground on interest rates and Treasury-purchase plans. The Dow stumble was caused by several reasons. Released today was news about new home sales in May being down, and Boeing has delayed again the release of their new jet. DJIA -23.05 S&P 500 +5.84 NASDAQ +27.42