Hot Deals: DollarSavingsDirect 4.00% APY (reviews) | EverBank 3.93% APY (more) | FNBODirect 3.25% APY (reviews) |  OptionsXpress $100 Bonus

Video: Reuters Business Recap for the Week of August 20, 2007

Posted by Sun on August 25, 2007
Post viewed 479 times, 1 so far today

Advertisements

The stock market’s recovery continued last week as the S&P 500 registered its biggest weekly gain since March. On Friday, US stocks got a boost from better-than-expected economic news. Durable goods orders for last month showed a strong gain of 5.9%, while new home sales increased an annual rate of 2.8%, according to the Commerce Department (Bloomberg.com). The average price of new homes, however, dropped 3.4% from a year ago (CNN.com).

For the week, the S&P 500 increased 16.87 points (1.2%), to 1,479.37, the Dow added 142.99 points (1.1%) to 13,378.87, and the NASDAQ gained 34.99 points (1.4%) to 2,576.69. Spot gold rose $10.57 to end the week at $667.90 an ounce and crude oil for September delivery was down 82 cents to close at $71.09 a barrel on Friday.

If you found information on this Diary helpful, please consider subscribing to the full RSS feed (What's RSS feed?), or enter your email below to receive free daily update.

Your address is secure and will only be used to deliver the contents of this Diary. You can unsubscribe at any time.

Featured Financial Products
  • Ready to buy stocks/ETFs with zero commission? Check out the Zecco review and try Zecco Trading to get 10 free trades/month.
  • Seeking higher returns for your cash? Take a look at the latest interest rates from leading online banks and find out where to get the most for your money.
Related Articles You Don't Want To Miss
Categories : Video Tags: ,

Advertisements
Comments

No comments yet, but your thoughts are always welcome.


Share Your Thouhgts
Your opinion matters. Please use the form below to share your thoughts on Video: Reuters Business Recap for the Week of August 20, 2007 with us.

(required)

(required)


Recent Entries
invisible tracker