Wall Street Rockets Higher in Best Week Since ’09
Stocks surged more than 7% this week, Wall Street’s best performance since 2009, as traders grew hopeful that global policymakers are taking action to tackle Europe’s two-year-old debt crisis. Today’s Markets The Dow Jones Industrial Average fell 0.61 point, or 0.01%, to 12,019, the S&P 500 slipped 0.3 point, or 0.02%, to 1,244 and the Nasdaq Composite gained 0.73 point, or 0.03%, to 2,627. Action was fairly subdued on the day, with the major market averages making only small moves. The S&P 500 leaped 7.4% on the week, its best performance since March 13, 2009, which is considered to be the beginning of the current bull market. The broad-market index has nearly doubled since hitting its bear-market low of 666.79 on March 6, 2009, but is still down by 1.1% for the year.Read more: http://www.foxbusiness.com/markets/2011/12/02/wall-street-rockets-higher-in-best-week-since-0/#ixzz1fgMfZ4Z6
Via www.foxbusiness.com
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