Well, well, after last week’s “correction” stocks enjoyed their best week of the year. Other than IBM acting like an anchor around the Dow’s neck and Google pressuring the NASDAQ, stocks were in positive territory for a good portion of the trading session.
By the close, the Dow Jones Industrial Average was down 16 points to finish the day at 16,408. The S&P 500 was up 2 points to close at 1864. Gold was down $8 to trade at $1295 per ounce, while oil was up $.84 to trade at $104.60 per barrel WTI.
Mini moves had been the norm so far for 2014 but as we head into the Easter break the bulls appear to have the upper hand. Of course this market seems to have no memory week to week. We’ll be back at it next Monday.
In the meantime, have a great Easter holiday.