Stocks Stabilize Last Week, as Worries in the Gulf Continue

Greg Afarian’s Market Report week of June 14 to the 18th. The Dow was up 250 points this week which saw some stability coming back in to the market. May Producer Price Index down .3% the Core Rate which excludes food / energy was up .2%

May Housing Starts (when construction actually begins) down 10% May Building Permits (when the initial permit is filed) down 5.9% Gold hits an All Time high of $1,265 an ounce and Oil is at $77.21 a barrel

Greg Afarian’s Market Report week of June 14 to the 18th. The Dow was up 250 points this week which saw some stability coming back in to the market. May Producer Price Index down .3% the Core Rate which excludes food / energy was up .2%

May Housing Starts (when construction actually begins) down 10% May Building Permits (when the initial permit is filed) down 5.9% Gold hits an All Time high of $1,265 an ounce and Oil is at $77.21 a barrel

Home Buyer Tax Credit closing date could be extended till September 30th. Fannie Mae and Freddie Mac are going to be delisted from the DOW.

30 Year Fixed Rates at 4.82% and the 15 Year Fixed Rate is at 4.23%

Jobless Rates figures State by State saw 25 States that are below the National Unemployment Rate of 9.7%
Highest Unemployment Rates are Nevada 14%, Michigan 13.6%, California 12.4%, Rhode Island 12.3%
Lowest Unemployment Rates are North Dakota 3.6%, South Dakota 4.6%, Nebraska 4.9%