Market Features
New Century Financial(NEW) regained 10.1% after a disastrous 70% decline Monday. Accredited Home Lenders Holding(LEND) gained 9.5% and Countrywide Financial(CFC) added 4.7% on the day.
Private lenders were further aided when Fed Chairman Ben Bernanke urged Congress to bolster regulation of government-sponsored mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE), which nonetheless rallied 3.2% and 1.2%, respectively. Wednesday's beige book will help square off for traders whether the economy is slipping further than Bernanke says. If the report reveals strength, the market could keep rallying. If it reflects the weakness investors fear, the sound of a cat falling back to earth will be easy to discern.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


Connect with TheStreet