Standard & Poor's affirmed its ratings for Ambac Financial Group Inc. and MBIA Inc. Details from Bloomberg...
Existing home sales fell 0.4% in January for the sixth-straight month to an annualized rate of 4.89 million units, slightly above the estimate of a drop to 4.80 million units. Median home prices dropped 4.6% from a year ago to $201,100. More from Bloomberg...
The Dow Jones Industrial Average gained 189 points (1.5%) to close at 12,570, the S&P 500 Index rose 19 points (1.4%) to 1,372, and the Nasdaq Composite advanced 28 points (1.2%) to 2,327. Crude oil finished up $0.42 to $99.23 per barrel, and gold declined $5.40 at $942.40 per ounce.
Magnificent Seven Update
