Nasdaq Proves Nothing Is Written in Stone (^IXIC)

Nasdaq Proves Nothing Is Written in Stone

By Dari FitzGerald | More Articles
January 13, 2012 | Comments (0)

The Nasdaq (INDEX: ^IXIC ) rose 13.94 points today to continue its winning run despite continuing worries about Europe. Recent gains in the index could indicate that U.S. investors are shrugging off European woes while focusing on a possible economic resurgence here at home. By the closing bell, Fossil (Nasdaq: FOSL ) had chipped away at the competition to earn today's top spot, while Infosys Technologies (Nasdaq: INFY ) claimed the bottom rung.

Source: Yahoo! Finance.

Reported job increases had given the market a boost in recent weeks. However, that positive news has been tempered recently by less-than-encouraging revelations that unemployment is creeping back up, and that the end of the year may not have been so good for retail after all. With all this volatility, you could be forgiven for a little seasickness, but don't bail just yet.

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Fool.com graphics/photo/art editor Dari FitzGerald doesn't own shares of any companies mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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