Wednesday, September 9, 2009

Beige Book Shows Economy Is Improving

The Federal Reserve Beige Book showed that business conditions in all twelve Federal Reserve Districts continued to improve in July and August while several areas of weakness in the economy remain evident. Details from Bloomberg...

The Dow Jones Industrial Average was up 50 points (0.5%) to close at 9,547, the S&P 500 Index increased 8 points (0.8%) to finish at 1,033, and the Nasdaq Composite advanced 23 points (1.1%) to 2,060. Crude oil rose $0.27 to $71.37 per barrel, and the Bloomberg gold spot price fell $4.55 to $990.85 per ounce.

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