By  on August 8, 2008

Even a $2.3 billion quarterly loss at Fannie Mae couldn’t hold off the charge of the bulls on Wall Street on Friday.

With crude oil falling to $115 a barrel, the stock market shrugged offThursday’s losses and the Dow Jones Industrial Average mushroomed more than302 points, or 2.7 percent, to 11,734.32. And after enduring a 2.1 percentdrop on Thursday, as retail sales came on at disappointing levels with signs of more trouble to come, the Standard & Poor’s Retail Index climbed 6.2 percent to 381.92.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus