The Dow ended the day up over 276 points to 11,239.28, thanks to higher-than- estimated profit at mortgage underwriter Wells Fargo. Even Fannie Mae and Freddie Mac rose over 15% today. The bad news: Consumer prices increased "at the fastest pace in 26 years", the FBI is investigating IndyMac for fraud and even usually "recession- proof" chocolate is hit during these harder times.
Published Jul 16, 2008
Modified Jul 16, 2008
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2023. Donate today
