Economic Week in Review: Prices fall as global slump advances for week ending Friday January

Posted on January 16, 2009. Filed under: -- Economic Week In Review | Tags: |


By Molly Greaves via Vanguard

angrybear——————————————————————–
Economic Week in Review: Prices fall as global slump advances
———————————————————————

A bevy of bleak economic reports marked the continued worldwide economic
slump, from lower industrial production and retail sales in the United
States to reduced international demand for U.S. exports. The economic
slowdown, coupled with the downtrend in energy prices, continued to push
consumer and wholesale prices lower for the fifth straight month. For the
week, the S&P 500 Index fell 4.5% to 850.1 (for a year-to-date total return
of -5.78%). The yield of the 10-year U.S. Treasury note declined 7 basis
points to 2.36% (for a year-to-date increase of 11 basis points).

To read Vanguard(R) Economic Week in Review in its entirety, go to:
http://www.vanguard.com/visit/econweek011609

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