Dow Jones jumped 15%, and merger activity -- highlighted this week by Wachovia's (WB Quote) bid for A.G. Edwards (AGE Quote), a raised offer for ABN Amro (ABN Quote), and private equity takeouts of CDW (CDWC Quote) and Archstone-Smith (ASN Quote) -- continued to support stocks by removing supply and spurring speculation of more deals to come.
Share buybacks such as those announced this week by IBM (IBM Quote) and Wal-Mart (WMT Quote) are also reducing the supply of stock, a bullish development even if demand remains stagnant. But the big story this week was the heavy stream of data, which prompted major reassessments of the outlook for the economy and Fed policy.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 34.82 |
Oil *
71.98
|
|
UP
68.78
|
UP
6.41
|
UP
7.13
|
UP
0.59
|
10 Yr
3.48%
SPDR Gold
110.82
|
|
+0.67%
|
+0.58%
|
+0.33%
|
+1.72%
|
Data delayed 20 minutes |
