It was a wobbly week for stocks, with the Dow, Nasdaq, and the S&P ultimately enjoying some decent gains:
Index |
Week's Change |
Ending Value |
---|---|---|
Dow Jones Industrial Average |
+142.36 [+1.17%] | 12,359.92 |
Nasdaq | +69.07 [+2.65%] | 2,674.22 |
S&P 500 | +20.21 [+1.61%] | 1,277.81 |
The market is caught in a struggle between some reasonably good economic data and the fear that we need to see much faster improvement, particularly in light of the ever-struggling eurozone.
Bank of America
Besides banks, other cyclical companies like Alcoa and Caterpillar
And today, the U.S. Labor Department reported that the economy gained 200,000 jobs and unemployment shrank to 8.5% in December. That's an impressive figure, but it'll take years to return to full employment.
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