Tuesday, August 21, 2007

Markets Close Mixed Over Possible Rate Cut

The markets closed mixed despite soaring foreclosures as investors anticipate a rate cut. The Dow fell 30 points to 13,091 while Nasdaq gained 13 points to 2521. S&P 500 added 2 points to 1447. The 30-year bond rose as the yield slipped to 4.943%.

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