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Monday, August 20, 2007
Stocks continued a volatile trading day today as lingering fears over fallout from the troubled U.S. sub-prime mortgage market continued to weigh on investor sentiment. After opening at 13,078.51 points and then dropping below the 13,000 mark, the Dow Jones Industrial Average bounced back in late trading to above 13,100, but on lower volume than the previous trading day in what looked like a cover spike.
But woes persisted as flight to quality continued and the yield on the 3-month U.S. Treasury bill dropped below 2.5% -a 20 year low (U.S. Treasury bills are considered risk-free, as investors bid up the price the yield on the T-bill drops).
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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
