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Economy

Economic Data (USA)

Wednesday, December 07, 2005

All 3 Majors Down As Interest Rate Fears Continue To Worry Investors

Stocks related to finance and new home construction fell today as investors continue to worry about interest rate hikes by The Fed (The next Federal Open Market Committee [FOMC] meeting should happen on December 13, 2005.)

Oil stocks also lost some value as the cost of a barrel of the light & sweet stuff sank below the $60 mark.

Today's Numbers:

DJIA: Closed Down @ 10,810.91 (-45.95)

NASDAQ: Closed Down @ 2,252.01 (-8.75)

S&P 500: Closed Down @ 1,257.37 (-6.33)


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