Market Update For Week Ending 9/23/2011

September 24th, 2011

Index Close Net Change % Change YTD YTD %
DJIA 10,771.48         -737.61         -6.41         -806.03         -6.96        
NASDAQ 2,483.23         -139.08         -5.30         -169.64         -6.39        
S&P500 1,136.43         -79.58         -6.54         -121.21         -9.64        
Russell 2000 652.43         -61.88         -8.66         -131.22         -16.74        
International 1,338.48         -98.15         -6.83         -319.82         -19.29        
10-year bond 1.81%        -0.27%          -1.48%          
30-year T-bond 2.87%        -0.47%          -1.46%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.
More market data

Market Wrap
Stocks around the world suffered this week as global slowdown fears and lingering angst overseas came home to Wall Street. The Dow industrials plunged 6.41%, the broad S&P 500 lost 6.54%, and the Nasdaq shed 5.30%, while the economically sensitive Russell 2000 lost another 8.66% of its value. Foreign shares sank in line with their U.S. counterparts, with the MSCI EAFE falling 6.83%. Bond yields retreated sharply as money flooded into Treasury markets. For more on recent trading activity, please read:

The Federal Reserve’s ‘Twist’ Fails To Inspire Confidence
A shift in the U.S. government’s bond-buying policy from the short end of the yield curve toward longer-term securities left investors feeling a bit disappointed. On the one hand, if the U.S. economy remains fragile enough to require new Fed action, some were hoping for a more aggressive commitment of funds. And on the other, if no action is required, others questioned whether the move was necessary at all. For more on reaction to the latest developments in the world of ‘quantitative easing,’ please read:

Analysts Looking Toward A Greek Default
Greece has been the center of global credit fears for years now, but the country is currently on track to run out of money in October if no rescue emerges. Some big names in Europe are now betting that the embattled country will in fact fail to make its obligations — and soon. For more on the latest developments and some speculation on what a default might entail, please read: