Economic Week in Review: Wild swings and ill winds. Week ending October 17, 2008

Posted on October 17, 2008. Filed under: -- Economic Week In Review | Tags: |

By Molly Greaves via Vanguard

Economic Week in Review: Wild swings and ill winds

It was another white-knuckle week for investors, with the leading
stock indexes soaring, plummeting, and soaring again in rapid
succession. There were few real surprises in the week’s major
economic reports, however, with most indicators simply confirming
what Americans already know: The economy is weak and seems to be
getting weaker. For the week, the S&P 500 Index rose 4.6% to 940.6
(for a year-to-date total return of –35.2%). The yield of the 10-year
U.S. Treasury note rose 8 basis points to 3.94% (for a year-to-date
decrease of 14 basis points).

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