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Morning Market Stir: Week of Selling Ends with a Bounce on Friday

Equities bounced on Friday but bears were in control for the week

Monday, September 29 – Alan Knuckman reports from the floor of the CME Group in Chicago, where equities bounced back on Friday after a sharp sell-off Thursday. The S&P closed the week down 1.4% at 1,974. The Dow is still above the 17,000 level, finishing at 17,030, and the Nasdaq closed at 4,044. The dollar continued surging, holding above the $85 level at 85.76, and the Euro 1.2688. Bonds were steady on Friday after a bullish week, finishing at 137'20. Crude held above $90, closing at 93.50, with gold closing at 1,215. This morning, equities are failing to follow through from the their bounce on Friday. The dollar is pulling back slightly, with strength in bonds, crude, and gold.