Closing changes for the main indexes:
- S&P 500 +29 to 2873 (+1.05%)
- DJIA +1.0%
- Nasdaq +1.7%
On the week:
- S&P 500 +4.4%
- DJIA +4.7%
- Nasdaq +3.9%
- Canada TSX Comp +1.2%
The 4.7% weekly rise in the Dow Jones Industrial Average was the largest since the last week of November. Any guesses on what happened last time?
For the bulls, this is a solid outside reversal and it comes despite some tough headlines. I can offer a half-dozen good fundamental reasons stocks should be lower but they had an excellent week. That kind of defiance counts for something.
In any case, I'm eager to see what comes next week.
