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Strategies & Market Trends : Freddie Mac (FRE) pops the housing bubble

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From: mlkr12/28/2009 2:50:44 PM
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Last update: 12/28/2009 2:16:15 PM
U.S. stocks rose slightly Monday, as the Dow Jones Industrial Average gained 7.3 points to 10527, the Standard & Poor's 500 rose a fraction to 1127 and the Nasdaq Composite climbed 3.2 points to 2289. Among the companies whose shares are actively trading in the session are Fannie Mae (FNM), Freddie Mac (FRE) and 3PAR Inc. (PAR).
Shares of mortgage-finance companies Fannie Mae ($1.26, +$0.21, +20.00%) and Freddie Mac ($1.58, +$0.32, +25.55%) gained Monday. Late last week reports surfaced that the U.S. Treasury Department has agreed to provide Fannie Mae and Freddie Mac with as much capital as they need over the next three years. The companies were placed in government conservatorship in 2008. American International Group Inc. (AIG, $32.08, +$1.96, +6.51%), which also received a bailout from the government, also gained.
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