The latter half of this past trading week gave investors on Wall Street a boost
of confidence. The DJIA, Nasdaq and S&P 500 all ended the last trading session
this past week in the green as investors felt more secure with global market
action, specifically with regard to European stocks. European stocks moved
solidly higher last session and this positive action carried over into the U.S.
session helping investors on Wall Street feel more secure. Economic data
yesterday in the U.S. was mixed but the retail sales data was much better than
expected and ultimately helped indices close higher. The Nasdaq finished the day
higher by .61 percent at 2,507.98. The S&P 500 was higher by .53 percent at
1,178.81. The Dow Jones ended the trading session higher by 1.13 percent at
11,269.02. Crude oil finished lower by 1.73 percent to 85.38 per barrel and gold
finished lower to finish at 1742.60 per troy ounce. Volatility was the name of
the game this past week but after the dust settled, the major composites had not
lost as much as most perceived. The Nasdaq finished the week lower by 1 percent.
The S&P 500 was lower by 1.7 percent for the week and the DJIA ended the week
lower overall by 1.5 percent. Frank Matto
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