Independent, Fee-Only Financial Advisor
Monday, September 27, 2010
Stocks slipped today as concerns over the health of financial companies prompted investors to take a step back after four consecutive weeks of gains. Although we saw a modest decline today, the Dow is still up 8% this month - its best September performance since 1939. Financial stocks weakened after Moody's Investors Service downgraded the debt of Anglo Irish Bank three notches because it's expected to require further government support. DJIA -48.22 Nasdaq -11.45 S&P 500 -6.51.