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The stock market won the trifecta this week: The inflation worry passed, the price of oil fell, and the week rolled out a bevy of big M&A, private-equity and IPO deals.
The three major indices rallied in reaction and are now yielding double-digit returns for the year.
The Dow Jones Industrial Average gained 1.9% on the week, up 0.3% Friday, to 12,342.56 -- another all-time high. The S&P 500 finished the week up 1.47% to close at 1401.20, its first close above 1400 since November 2000. The Nasdaq Composite ended Friday down 0.13%, but gained 2.4% for the week to 2445.86. Year to date, the Dow is up 15%, the S&P 500 has gained 12.25%, and the Nasdaq is up 10.9%, joining the double-digit club this week. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.12 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.67
|
10 Yr
3.21%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-2.04%
|
Data delayed 20 minutes |
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