STOCK MARKET WATCH -- Tuesday, 25 July 2023
STOCK MARKET WATCH, Tuesday, 25 July 2023
Previous SMW:
SMW for 24 July 2023
AT THE CLOSING BELL ON 24 July 2023
Dow Jones 35,411.24 +183.55 (0.52%)
S&P 500 4,554.64 +18.30 (0.40%)
Nasdaq 14,058.87 +26.06 (0.19%)
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Currencies:
Gold & Silver:
Petroleum:
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Quote for the Day:
In early 2007, most Western policy makers were convinced that the credit cycle had become so extreme that it would inevitably turn soon, leading to ripple effects well beyond the American housing market. But they were at a loss to judge how that might play out. So much of the financial activity of the boom was out of their sight or control. Since 2004, the Fed had been steadily raising interest rates, along with the Bank of England, in a deliberate effort to prick the bubble. The European Central Bank had belatedly followed suit. Yet these moves hadn't worked.
Gillian Tett. Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe. Free Press. © 2009.
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