9/12/08 - Dow Flat on Financial Fears

The Dow closed at 11,421.94 today down 22.72; S&P was up 2.65 to close at 1,251.70 and NASDAQ closed at 2,261.27 up 3.05. Oil was up .32 to close at 101.25; the ten year treasury note was down .16 driving the yiel up to 2.94%. The U.S. Dollar lost .02015 against the Euro so one Euro will buy $US 1.42248. Trading was heavy at 1.8 billion shares. The market was uncertain about where the financial sector is headed with the fate of Lehman, AIG and Washington Mutual fueling the concerns. For the week the Dow was up 222, the S&P 500 was up 10 and NASDAQ was up 6. From on the road, have a great weekend.