Tuesday, November 17, 2009

Review of the Economy (Week 5)

During the week of November 9 through November 13, was an interesting week for the economy.
Earlier, the Dow Jones Industrial Average was briefly in positive territory thanks to a rebound in the materials sector before falling back into the red. Still, the declines were held in check by an unexpected drop in U.S. core wholesale prices, which gives the Federal Reserve more ammunition to keep interest rates close to zero. Due to many domestic factors (oil demand, industrial production, etc.) towards the end of the week, there began to show signs of a faulty recovering economy. The Dow Jones Industrial Average fell 6 points, or 0.1%, to 10,401. The Nasdaq Composite slid 0.1% to 2,196. The S&P 500 was down 0.3% to 1,107, pressured by its consumer discretionary and energy sectors.

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