SmarTrend Market Close Wrap-Up: September 20, 2010

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Themajor US equity indices closed higher Monday on hopes that the Federal Reserve will reveal future action to stimulate the slowed economy. There is a growing expectation that the Fed's rate-setting committee could relaunch programs to buy Treasurys and mortgage bonds to help stimulate the economy. The National Bureau of Economic Research said that the US recession started in December 2007 and ended in June 2009, which is the longest slump since World War II. The NBER also cautioned that its findings bear no relation to the current state of the economy or represent a forecast about the future. The Dow Jones Industrial Average (DJI) closed 1.37% higher at 10753.62, the S&P500 (INX) closed 1.52% higher at 1142.71, and the Nasdaq Composite (IXIC) closed 1.74% higher at 2355.83.

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