A16
6Monitor your investments
atwashingtonpost.com/markets Daily Stock Market Performance Index
Dow Jones Industrial Average
11,500 11,000 10,500 10,000 9500
Nasdaq Composite Index
2650 2450 2250 2050
S&P 500 Index 1260
1200 1140 1080 1020
1247.08 +0.3 +11.8 2649.56 +0.2 +16.8 11,478.13
EZ SU
KLMNO THE MARKETS Data and graphics by
Daily Close % Chg
% Chg –0.1 +10.1 YTD
Industry Group Health Care Technology Wireless Telecomm Svcs Internet & Catalog Retail Real Estate Mgmt & Dev REITS
Aerospace & Defense
Semiconductors & Semi Eqp Electrical Equipment Consumer Finance
Construction Materials
S&P 500 Industry Group Snapshot Daily
% Chg 3.05 3.04 2.27 1.90 1.56
–0.51 –0.67 –0.72 –1.02 –1.21
International Stock Markets Americas
Close
Brazil (Bovespa) Canada (S&P/TSX Comp.) Mexico (Bolsa) Europe
Eurozone (DJ Stoxx 600) France (CAC 40) Germany (DAX) U.K. (FTSE 100)
Asia Pacific J F M A M J
Company 3M
Alcoa
AmExp AT&T BoA
Boeing
Caterpillar Chevron
Dow Jones 30 Industrials YTD
Close 87.34
14.77 42.50 29.13 12.62 63.27 93.30 88.80
Cisco Systems 19.62 Coca-Cola DuPont
65.31 49.72
Exxon Mobil 72.22 GE
Home Depot 35.20 HP
17.70 41.89
Daily % Chg
1.1 1.4
–3.4 –0.3 0.4
–2.7 0.8 0.4
–0.6 –0.3 0.1 0.0 0.3
Other Measures Index
% Chg 5.6
–8.4 4.9 3.9
–16.2 16.9 63.7 15.3
0.4 –18.0 14.6 47.7 5.9
17.0 21.7
–0.2 –18.7 Close
DJ Total Stock Market Index 13,177.77 Russell 2000
782.30
Post-Bloomberg DC Area Index 213.05 CBOE Volatility (VIX)
16.41 J A S O N D
Company IBM
Intel J&J
JPMorgCh Kraft Foods McDonald's Merck
Microsoft P&G Co Pfizer
Travelers Wal-Mart
Close 144.51
21.23 62.49 39.95 31.73 76.92 36.50 27.81 64.97 17.17 55.45
United Tech 78.90 Verizon
34.74 53.77
Walt Disney 37.06
Daily % Chg 0.3 0.4 0.6 1.9
Daily % Chg
–0.3 –1.1 –0.1 0.7
–0.6 0.1 0.1
–0.3 0.2 0.8 0.5 0.1 0.3
–1.2 0.0
% Chg 10.4
4.1
–3.0 –4.1 16.7 23.2 –0.1 –8.8 7.2
–5.6 11.2 13.7 12.2 0.6
14.9
Interest Rates Consumer Rates
YTD % Chg 14.6 25.1 13.7
–24.3
Money market funds 6-Month CDs 1-Year CDs 5-Year CDs New car loan Home-equity loan
0.71 0.79 0.96 2.03 5.33 7.10
0.30% 0.25% 3.25%
Bank Prime Federal Funds LIBOR 3-Month
30-Year fixed mortgage 15-Year fixed mortgage 1-Year ARM
3.07% 4.37% 5.02%
YTD
Australia (ASX 200) China (CSI 300) Hong Kong (Hang Seng) Japan (Nikkei)
4736.60 3178.66
22,639.08 10,216.41
Cross Currency Rates US $
EU €
US $ per EU € per
Japan ¥ per Britain £ per Brazil R$ per
Canada $ per Mexico $ per
0.7621 83.7500 109.9000
0.6446 0.8459 0.0077 1.7066 1.0172
12.4161 16.2880 0.1480
2.2390 0.0204 1.3347 0.0121
–0.6 –1.5 –0.3 –0.8
Japan ¥
1.3122 0.0119 0.0091
Britain £ Brazil R$ Canada $ Mexico $
1.5512 0.5860 0.9831 0.0806 1.1822 0.4467
0.7492 0.0614
129.9100 49.0842 82.3300 6.7460 0.3778
2.6466 1.5779 0.5962
0.6337 0.0519 1.6774 0.1375 0.0819
19.2582 7.2750 12.2054
67,263.60 13,193.28 37,975.48
278.38
3885.08 7018.60 5891.61
Daily % Chg
–1.1 –0.1 –0.1
0.7 0.5 0.5 0.3
YTD % Chg –20%
–4.0% 0 +4.0%
Commodities Futures
Copper Corn
Crude Oil Gold
Natural Gas
Daily Close % Chg
$4.2005 +1.1
$5.9950 +0.5 $88.81
$1,385.50 +0.5 $4.24
+0.9 +4.2
Value of $1000 invested for the past: Exchange-Traded (Ticker)
Daily % Chg
0% +20%
Coffee (COFF.L) Copper (COPA.L) Corn (CORN.L) Cotton (COTN.L) Crude Oil (CRUD.L) Gasoline (UGAS.L) Gold (BULL.L)
Natural Gas (NGAS.L) Silver (SLVR.L)
Gainers WorldFuelServices
1.1 1.8 1.4 6.1 0.1 0.6 1.1 1.5 1.2
Gainers and Losers from the S&P 1500 Index Losers
Daily Close % Chg
Chesapeake Energy $25.36 8.8 Enzo Biochem
Applied Signal Tech Patriot Coal StarTek
Coldwater Creek Amedisys Inc
Duke Realty Corp KB Home Harmonic
Lawson Products Perry Ellis Intl
MetroPCS Comm Eastman Kodak Tesoro Corp Lennar Corp
10-year note Yield:
5-year note Yield:
3.33 1.94
4:30 p.m. New York time. Low-wage families on the rise, report says High court in N.J. weighing in
BY MICHAEL A. FLETCHER The Great Recession, responsi-
ble forboostingunemployment to its highest levels in a generation, has sharply increasedthepercent- age of working people who earn wages so paltry that they are struggling to survive, according to anewreport. The share of working families
earning less than double the offi- cial poverty threshold — $43,512 for a family of four — increased from 28 to 30 percent between 2007 and 2009, according to a report released Tuesday by the Working Families Project, a non- profit group that advocates on be- half of theworking poor. Overall, the report said, the
number of people living in low-in- come working families increased
by 1.7 million to 45 million be- tween 2008 and 2009. In Novem- ber, the jobless rate rose to 9.8 percent, and has hovered near 10 percent formore thana year. “Clearly, we are going in the
wrong direction,” said Brandon Roberts, a co-author of the report, derivedfromananalysisofCensus Bureau data. “We are notmaking sufficient investments to help working families get ahead. Un- fortunately, the constraints onthe budgetaregoingtomakethiseven more difficult going forward.” President Obama has presided
over large increases in education and job-training funding since taking office. But those efforts have been overwhelmed by the longest and deepest downturn since theGreatDepression. And now, with a spate of fiscal conservatives poised to enter Con-
gress and with policymakersmore tightlyfocusedonthenation’shuge budget deficit, the prospects of maintaining past spending levels onprogramsthathelpenablesocial mobilityaredimming. Many states also are reeling,
causing them to raise college tu- itions and, insome cases, consider cuts inpublic school funding. The fortunes of low-wage fami-
lieshavebeenmademoredifficult by the toll the recession has taken onmale workers, who are heavily concentrated in the hard-hit con- struction, manufacturing and fi- nancial sectors of the economy. Between2007 and2009, the share of working women with unem- ployed husbands more than dou- bled, to 5.4 percent. Minority families were also
among those found to bemost vul- nerable, the report said. In2009,43
percent ofworking familieswith at least oneminority parentwere low income,nearlytwicetheproportion ofwhiteworkingfamilies. The downturn has also been
particularly difficult for workers with the least education, a trend that was evident even when the economy was better. Unemploy- ment for high school dropouts peaked at 15 percent during the downturn, compared with 4 per- centamongworkerswithat leasta bachelor’s degree. “This is a challenging situation
froma policy standpoint. But it is more challenging for these fami- lies,”Robertssaid,addingthatpol- icymakers usually focus on the middle-andupper-middleclasses. “Presumably this report will pro- videanevenmorecompellingcase to get policemakers onthe case.”
fletcherm@washpost.com
on legitimacy of foreclosures
BY ZACHARY A. GOLDFARB Bank executives who were
hoping for a quiet end to this fall’s controversy over irregulari- ties in the foreclosure process are facing a new threat: state judges. The chief justice of New Jer-
sey’s Supreme Court, Stuart Rab- ner, announcedMonday that the state’s courts would stop foreclo- sures by big banks if they cannot show that they are following state law when foreclosing. Rabner made the announce-
ment after assigning a judge to oversee foreclosure matters. That judge, Mary C. Jacobson, issued an order Monday requir- ing six banks — Ally Financial, Bank of America, J.P. Morgan Chase, Wells Fargo, OneWest
Commitment
teamwork st rength he ri ta ge
Bank and Citigroup — to appear in court and explain why she shouldn’t suspend foreclosures. The New Jersey action stems
from the controversy over ques- tions surfaced over the legality of documents submitted to courts in foreclosure proceedings. “Today’s actions are intended
to provide greater confidence that the tens of thousands of residential foreclosure proceed- ings underway in New Jersey are based on reliable information,” Rabner said in a statement. “Nearly 95 percent of those cases are uncontested, despite evi- dence of flaws in the foreclosure process.” The six banks must by Jan. 19
show the court why it should not suspend foreclosures. The order said the banks were chosen “based on a public record of questionable practice.” Only one bank would com-
ment Monday. Mark Rodgers of Citigroup said the bank would review the judge’s order and ensure that it is in compliance. Banks are expected to argue
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Sandy Spring Bank has strong ties to the communities we serve. We live here, work here, and show our appreciation by giving back in many ways, including volunteerism, charitable donations and supporting crucial community-development projects. In fact, our organization was conceived on the notion of helping people realize their dreams of a better life—for themselves, their children and their community.
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Stop medical blockade
Recognized as
of Iranian opposition in Camp Ashraf, Iraq
800-399-5919
sandyspringbank.com since 1868
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MehdiFathi
that problems in the foreclosure process have beenminor and the vast majority of those facing foreclosure lost their homes be- cause they didn’t pay theirmort- gages formanymonths. They’re also likely to say that a
protracted freeze in foreclosures could have a negative effect since it would keep those vacant homes out of themarket. But homeowner advocates
and others will likely argue that banks’ problems with following the letter of the law in foreclo- sure proceedings reflect a range of harmful practices that have hurt borrowers trying to avoid foreclosures.
goldfarbz@washpost.com
NOW OPEN
Tyson’s Corner 8520 Leesburg Rd.
SUPER STORE
MYFIT3.com (between Ethan Allen & Starbucks)
$37.81
$35.82 9.1 $5.80 8.0 $17.51 7.2
8.0
QuanexBuildingProd $18.81 La-Z-Boy SLM Corp
$5.89 7.1 $2.93 6.9 6.4
$9.33 6.4 $12.82 6.3 $29.23 6.3 $11.71
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$13.52 5.8 $8.72 5.6 $26.29 5.5 $26.37 5.5 $12.74 5.5 $5.83 5.4 $18.38 5.4 $18.24 5.3
Bank Mutual Corp Liquidity Services eHealth Inc
Hibbett Sports Inc TitaniumMetalsCorp URS
Insituform Tech Lithia Motors
TriQuint Semicon RTI Intl Metals Kensey Nash
American Express Aeropostale
Marshall & Ilsley Kid Brands Inc Akamai
Apogee Enterprises SPX Corp
American Eagle CIRCOR
2-year note Yield:
6-month bill Yield:
0.60 0.17
Note: Bank prime is from 10 major banks. Federal Funds rate is the market rate, which can vary from the federal target rate. LIBOR is the London Interbank Offered Rate. Consumer rates are from Bankrate. All figures as of
Daily Close % Chg
$4.74 –12.5 $14.08 –5.8 $14.53 –5.3 $37.93 –4.4 $17.34 –4.1 $41.39 –4.0 $27.02 –3.9 $12.60 –3.8 $11.45 –3.7 $26.64 –3.7 $28.79 –3.6 $42.50 –3.4 $24.82 –3.4 $6.62 –3.4 $9.22 –3.4 $49.17 –3.3 $13.20 –3.3 $69.61 –3.1 $14.76 –3.0 $42.81 –3.0
Treasury Performance Over Past Three Months
Orange Juice Silver
Soybeans Sugar Wheat
$700
Daily Close % Chg
$1.5850 $29.34
$13.1525 $0.3296 $7.6950
day $1000
+1.2 +0.8 +1.3 +1.4 +1.7
month $1300
TUESDAY, DECEMBER 21, 2010
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