Week in Review
DJIA +35.17 (+0.25%) to 14,089.66; S&P 500 +3.52 (+0.23%) to 1,518.20; NASDAQ +9.55 (+0.30%) to 3,169.74 Friday was an interesting day as we went into the weekend before Sequester (sounds like an SAT word right?) and rumors were abound which helped drive the markets one way or the other. We did finally close with a small gain on the day which continued the markets impressive move off Wednesday’s lows right near the 50 Day SMA’s. We had what I thought was mixed economic data through-out the day which over overall possibly canceled itself out but also continues to show the shaky ground we stand on. That isn’t…
Daily Wrap
DJIA +115.96 (+0.84%) to 13,900.13; S&P 500 +9.09 (+0.61%) to 1,496.94; NASDAQ +13.40 (+0.43%) to 3,129.65 Today brought economic data back into the fold with the S&P/Case-Shiller report stating that housing prices had gained roughly 7% since this time a year ago and what many seemed to be waiting for which was Mr. Bernanke’s testimony. I didn’t find anything very earth shattering with the testimony and Mr. Bernanke seemed to reiterate the Fed’s stance that low rates are providing the economy more of a benefit than risk, in their opinion. Dow lead all the other major indices and the reason was our stock…