While Mortgage backed securities continue to falter, U.S. equity marketing are being hammered. It is a rare day when all three of the major indices here experience triple digit losses. Today the Dow had a four digit loss losing 1,032 points, the NASDAQ lost an astonishing 274 points and the S&P 500 rounded out the trio with a 100 point loss. The reason once again was climbing interest rates.
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