Weekend Linkage – May 10, 2009
Market Recap
U.S. stocks registered another weekly gain last week, despite a gloomy employment report from the government Friday which showed that the nation’s unemployment rate jumped to 8.9% in April. While the jobless rate is the highest in 25 years, the pace of job cut seemed slowed last month, fueling the speculation that the worst has passed. Even though the government said that 10 of 19 largest commercial banks face about $75 billion shortfall, bank stocks kept charging higher. For the week, the Dow rallied 4.41% to 8,574.65, the Nasdaq added 1.15% to 1,739.00, and the S&P 500 surged 5.89% to 929.23. Stocks have erased 2009 losses with the S&P 500 showing a 2.9% YTD gain. Crude oil climbed 10.21% to close the week at $58.63 a barrel, while precious metals also recorded strong gains with silver up 11.60% to $13.95/ounce and gold up 3.12% to $914.65/ounce.
Weekend Readings
- Early Retirement or Meaningful Work?
- Guide To Commuter Bikes: Bicycle Commuting Saves Money and The Environment
- 14 Quick Ways To Raise Cash
- Consider the Impact On Your Finances When Taking a Paid Leave of Absence, FMLA, or Disability From Work
- Save Money on Cell Phones
- Should You Break Your Mortgage For a Lower Rate?
- College Graduate Jobs and Money Tips
- Making Home Affordable Q & A
- Have Jobs Become Disposable?
- What Is Seasonal Investing And How Does It Work?
- What to Expect When Closing Your Loan
Carnivals
- Rich Life Carnival #36
- Carnival of Cashflow Consciousness #1 – “Rags to Riches” Edition
- Welcome to the Carnival of Personal Finance
- Money Hacks Carnival: Swine Flu edition
Thanks for the link! Have a great week!
Hey, thanks for sharing my article, as well as the link to the Carnival of Cashflow Consciousness. Glad you liked it, I’m going to post more about that in the future. Also, the next Carnival is going up on May 18. After that PFIncome is hosting the third. Looking for hosts after that, so let me know if you’re interested!