Markets Surging in US
Recent fluctuations in the markets, especially in real estate and banking, in the US have caused jitters around the world. These have led to massive losses in money terms of stocks. But recently those same fluctuations have led to great surges upwards in US (and world) stock markets.
As CNN Money writes:
Wall Street rallied Thursday, ending a miserable January on a high note, after comments from bond insurer MBIA helped temper worries that a meltdown in that sector was the next leg of the credit market fallout.
The Dow Jones industrial average (INDU), the broader Standard & Poor’s 500 (SPX) index and the Nasdaq composite (COMP) all added around 1.7 percent. The Russell 2000 (RUT.X) small-cap index added 2.5 percent.
Adding points they’d lost over the past week’s jitters, this seems to just be a shaky time. Real estate purchases have however, slowed in 2007.
0