Friday, September 14, 2007
U.S. stock indexes close with weekly gains
DJIA
13,442
+17.64
S&P
1,484
+0.30
NASDAQ
2,602
+1.12
10Yr
4.46%
-0.020
TRADING CENTER
U.S. stock indexes close with weekly gains
NEW YORK
U.S. stocks closed higher Friday, with the major indexes all scoring
weekly gains, after a stronger-than-expected consumer confidence reading
offset weak August retail numbers and news that a U.K. lender is tapping
the Bank of England for emergency funds.
Futures Movers: Crude falls to $79.10 a barrel; up 3% for week
SAN FRANCISCOCrude-oil futures tumbled back toward $79 a barrel Friday
as energy traders locked in gains from a record-breaking week.
The Fed: An ounce of prevention expected from Fed policymakers
WASHINGTON
The Federal Reserve is set next week to take out an ounce of prevention,
in the form of a cut in its target federal funds rate, to try to avoid
having to rush in with a pound of cure.
Housing to be key congressional focus next week
WASHINGTON
U.S. housing woes are set for a return to the congressional spotlight
next week, with hearings planned about mortgages and subprime lending
and action possible on a reform package for the Federal Housing
Administration.
Capitol Report: Falling home prices could dent economy
WASHINGTON
Just as rising home prices helped fuel the economic expansion of the
past six years by making people wealthier, falling home prices could put
a big dent in economic growth in the next few years by making them
poorer.
