DJIA 0.31% 26,683 dow jones industrials

fannie mae and freddie mac in strife, page-23

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    0436 GMT [Dow Jones] S&P/ASX 200 up 0.7% at 4970.7, hit 4990.6 after NY Times reported senior Bush administration officials considering plan to take over one or both of the mortgage providers Fannie Mae and Freddie Mac. Nationalization would be a major positive step, which some brokers consider inevitable. S&P/ASX 200 faces tough resistance from downtrend line, currently at 5060.0. Support 4900.0; target 4772.0. (DWR)
 
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