Good evening Mid-Michigan. I’m Dave Boike from Retirement Resources with your daily Money Matters market wrap-up.
Greece headlined today’s financial news as its credit rating was dropped to “junk” status. Investors reacted negatively because of the United States increasing foreign debt obligations.
The Dow fell below 11,000 points based on this news and settled at 10,991. The Nasdaq also took a slight hit, finishing at 2471 and the S&P 500 sunk 28 points to finish at 1,183.
On a brighter note, according to USA Today, the national housing market showed a slight gain for 2010. This is the first increase in three years. Though still unstable, it should put a smile on the face of many real estate investors.
Here's hoping tomorrow's markets are better than today's
I’m Dave Boike and your Money Matters.
