It was a wobbly week for stocks, with the Dow, Nasdaq, and the S&P ultimately enjoying some decent gains:
Dow Jones Industrial Average
|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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Ilan Moscovitz doesn't own shares of any company mentioned. The Motley Fool owns shares of Bank of America, Ford Motor, and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Ford Motor and General Motors and creating a synthetic long position in Ford Motor. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.