Market Reacts Favorably to GSE Report

February 23, 2006, 3:00 p.m. EST 1 Min Read

Fannie Mae's stock climbed 2.83% in the hours after the Rudman Report was released.Fannie Mae's stock climbed 2.20% on the day the Rudman Report was released. Fannie Mae's share price closed at $57.14, up $1.23 on Feb. 23, the day a report on the company's accounting woes was publicly released. Freddie Mac's shares also rose modestly, gaining $0.67 to close at $67.86. The broader market declined modestly for the day, with the Dow Industrial average falling by 0.61%.

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