On the downsideFormer St. Louis Federal Reserve President William Poole was quoted by Bloomberg warning that Mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) may be insolvent.
In the broad market, advancing issues outpaced decliners by a margin
of 5 to 4 on the NYSE, but were outpaced by a margin of 5 to 3 on Nasdaq. The
Russell 2000 which tracks small cap stocks added 2 points to 665.