Stocks swept higher over the past week as investors swooped in to pick up bargains lying on the stock exchange floors. It did not matter if they were in Asia, Europe or the United States. If they were down 10% or more in the past month, they were vacuumed up.
The Dow Jones Industrial Average rose 2.6% for the week, the Nasdaq Composite went up 2%, the Standard & Poor's 500 Index climbed 3% and the S&P 400 Midcap Index rose 3.2%. Developed markets overseas rose 3.9%, emerging markets jumped 5%, gold increased 3.7%, crude oil rose 6.5% and silver was the star, up 9.4%. The U.S. dollar, which has been driving the bus, fell 1.2%, making the equity gains possible.
Complete Story »
Arielle Kebbel Jessica Paré Leelee Sobieski Teri Hatcher Lauren Bush
No comments:
Post a Comment