A Week's Worth
• Whew! Stocks careened like a roller coaster with 1) a 206-point gain in the Dow, the biggest one-day rise in 18 months, 2) four Dow losses of 100 points or more in the past eight trading days, and 3) major indexes falling to new lows for 2005 before recovering. For the second time in three weeks, the indexes posted a weekly gain. Oil prices and inflation fears spooked investors, despite positive corporate earnings reports. Google, the Internet-search firm, saw its stock price rise 5.7 percent after reporting first-quarter earnings nearly six times the level of a year ago and 40 percent above what analysts had expected.Skip to next paragraph
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• Savings bonds are losing flexibility. Starting May 1, new Series EE bonds will have rates locked in, which means those who buy won't benefit if interest rates rise.
• Women know less about investing but make fewer investment mistakes than men and don't repeat them as often, says a Merrill Lynch Investment Managers survey.
• Donald Trump is America's most financially literate person, followed by Oprah Winfrey, according to a survey of teens by the Charles Schwab Foundation and Boys & Girls Clubs of America. Fed Chairman Alan Greenspan received only 9 percent of the votes.