Commentary |
The U.S. markets moved largely higher this week, bolstered by higher-than-expected consumer spending, faster-than-expected employment growth, an ongoing rebound in the housing market and ongoing bullish momentum. With the Russell 2000 leading the group with a 1.18% gain, the Dow Jones followed with a 0.70% gain, the S&P 500 jumped 0.32% and the NASDAQ fell by a modest 0.23% for the week, as of mid-session on Friday afternoon. Global markets followed the U.S. markets higher, for the most part. Japan’s Nikkei 225 rose 2.26% on the week, strengthened by a weaker yen and favorable new BOJ leadership. Germany’s DAX rose 0.5% and Britain’s FTSE 100 etched out a 0.7% gain, despite some negative economic news out of the eurozone and Britain over the past week. And China’s Xinhua 25 extended its move lower as investors continue to sell Chinese stocks. |
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