Economic Week in Review: Economy, markets remain jittery. Week ending October 18, 2008

Posted on October 18, 2008. Filed under: -- Uncategorized |


By Molly Greaves via my weekly newsletter update from Vanguard:

 

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Economic Week in Review: Economy, markets remain jittery
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Despite aggressive government efforts to stabilize global financial
markets and economies, investors continue to fear a recession. The leading
stock indexes reflected this unease, remaining volatile throughout the week.
The week’s major economic reports showed some positive news, including an uptick
in existing-home sales. For the week, the S&P 500 Index fell 6.8% to 876.8 (for a
year-to-date total return of –39.2%). The yield of the 10-year U.S. Treasury note
fell 22 basis points to 3.76% (for a year-to-date decrease of 28 basis points).

To read Vanguard(R) Economic Week in Review in its entirety, go to:
http://www.vanguard.com/visit/econweek102408

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