Posted on 08/05/2005 8:07:02 AM PDT by CAWats
INVESTOR'S BUSINESS DAILY
U.S. stock funds put in an excellent performance in July, sending the average fund above water for the first time this year.
The stock market had to fight through some bad news in July: The Federal Reserve raised rates for the ninth time in little more than a year and gave no hint it was done. The London bombings July 7 and a failed bombing attempt July 21 reminded investors terrorism is still with us. Oil rose to an all-time high of $62 a barrel, punctuated on Aug. 1 by the death of Saudi Arabia's King Fahd and worries over how long the House of Saud's octogenarian leaders can cling to power.
(Excerpt) Read more at investors.com ...
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