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
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| 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 |
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