Stocks ended in positive territory yesterday and finished the week off overall
on the plus side of break-even. Last session, the Dow Jones Industrial Average
closed out green by 1.21 percent at 11,284.54. The Nasdaq finished higher by
2.49 percent at 2,479.85 and the S&P 500 closed out on the positive side of
break even by 1.51 percent at 1,176.80. Federal Reserve Chairman Ben Bernanke
spoke yesterday and it appeared that his words were going to push stocks into
the red for the day, but positive trends prevailed. Some were not happy that
direct language was not used to initiate additional stimulus for the U.S.
economy. Bernanke stopped short of QE3, but did say that the central bank would
further review the economic situation in the U.S. and consider what more it
could do decrease the unemployment rate and get the economy back on track. The
week ended positively as the DJIA finished ahead by 4.3 percent. The Nasdaq
closed ahead for the week by 5.9 percent and the S&P 500 closed the week higher
by 4.7 percent. Individual stocks and funds bumped up with the indices. USAUX
Aggressive growth mutual fund closed out last session higher by 2.45 percent at
30.92. Previous close for USAA aggressive growth fund was 30.18 according to MSN
money quotes. Frank Matto
No comments:
Post a Comment