• US stocks see slight rise- Investors worry about Ireland's Debt
    5 replies, posted
[QUOTE]US [B]stocks[/B] saw some slight gains during the last week but nothing to brag about. This sluggish action was in direct contrast to much positive economic news that came out during the week. In addition, each of the indexes managed to hit year-do-date highs at one time or another during the week. On Friday, the [B]Dow Jones Industrial Average[/B] lost a little over 7 points, closing at 11,491.91. This was just one day after it had reached its 52-week high. The Dow, for the week, rose over 81 points. During the last eleven trading sessions, the Dow has remained within a high and low range of fewer than 100 points. This last happened back in January 2006. The S&P gained a modest 1.04 points, closing at 1,243.91 on Friday. This, too, was just one day after hitting its 52-week high. On the week overall, the S&P gained 3.51 points. [B]Nasdaq gained 5.66 points on Friday[/B], closing at 2,642.97. It hit its 52-week high during intraday trading. On the week, the Nasdaq gained 5.43 points. For the S&P sectors, health care, materials, and consumer staples led the way during the week; financials ended up being the worst for the week. In materials, AK Steel performed well, gaining more than 11 percent during the week. In banking, Huntington Bancshares lost 8.9 percent. In other news, the euro slipped hard during early day trading on Friday as [B]investors[/B] continue to worry about debt in Ireland now that Moody’s has slashed it rating by five points.[/QUOTE][URL="http://nothingbutbuzz.com/stock-market-today-investors-beware-of-making-any-moves-before-knowing-this/862777/"]Source[/URL] These are strange times, where markets rise and sometimes fall. And sometimes they don't do that much.
Crash imminent
Their economy of booze is getting liquidated
I call it 'Economic Hangover'.
I'm not going to make a distasteful potato joke.
[QUOTE=Goberfish;26789044]These are strange times, where markets rise and sometimes fall. And sometimes they don't do that much.[/QUOTE] WTF, I could've sworn that the stock and currency markets do this all the time! Oh yeah they do... every single day, even during periods of economic boom. You highlighted the most irrelevant stuff too, and the two stories are not directly connected like you're suggesting. What about the fact that the Nasdaq hit it's year high during the week! What about the fact that the value of the EURO went down due to Ireland's credit rating being reduced by a financial analysing company? Lawl.
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