MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, August 10, 2007 Market Posts Smaller than Expected Loss, Fund Firms Benefit After a roller coaster ride of a day, the S&P 500 closed up four basis points while the Dow Jones Industrials slipped 0.23 percent or 31.14 points, after being down almost 3.25 percent this morning. The good news spilled over to fund firm shares with 12 of the 19 publicly traded companies track by the MFWire ending the day up. Yesterday's biggest loser was today's biggest gainer. GAMCO's shares shot up 27.8 percent today, after being down 9 percent at close yesterday. The company also released its second quarter earnings report today. Also gaining traction today were: SEI, up 9.9 percent, Integrity Funds, up 8.5 percent, and U.S. Global investors, up 5.6 percent. Posting the biggest losses were T.Rowe, down 4.6 percent, and Janus, down 4.3 percent. Printed from: MFWire.com/story.asp?s=15364 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |