Jim Chesko reporting for WWL First Business News...
Stocks finished the Friday session narrowly mixed, but did log solid gains for a second-straight week. Today, the Dow Industrials rose 69 points and the S&P 500 edged up 2 points, but the Nasdaq Composite dipped 13.
A new White House plan for privatizing the nation’s two big mortgage-finance giants didn’t sit well with investors today. The Trump Administration released a blueprint that would release both Fannie Mae and Freddie Mac from government control. In reaction to news of that plan, shares of both Fannie and Freddie tumbled more than 8%.
Oil futures rose slightly today. October crude edged up 22 cents to settle at $56.52 a barrel.
Louisiana’s public pension plan is in the middle of the pack compared with others around the country. A new analysis from the Tax Foundation, using fiscal 2017 data, showed the65% funded ratio of the state’s public pension plan ranked 31st in the nation.
